LYC 2.36% $6.06 lynas rare earths limited

Cash Balance, page-9

  1. 4,695 Posts.
    lightbulb Created with Sketch. 473
    Hi Elbows,

    Yes, cash inflows of $10M per month - agreed.

    Note that Accounts Payable at any financial period end (take any half-year or yearly report) is around $30M.

    Note that Accounts Payable does not include salaries and wages (S&Ws) which are normally paid mid-month. Based on their FY14 annual report, monthly S&Ws expense averaged $3.6M in 2014.

    Therefore you have: $60M + $10M - 3.6M - up to $30M in bills paid = $36.4M worse case scenario.

    N.B. Amanda has stated that their average selling price has dropped 20% in the December quarter too.
 
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