BCI 1.92% 25.5¢ bci minerals limited

Have done a rough calculation on the cash position at the end of...

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    Have done a rough calculation on the cash position at the end of 2012. How rough will be gauged by how many comments there are which are more than welcome.

    Cash at September 30 $M80.87
    Estimated income this quarter $M20
    Placement $M47
    Debt $M130
    SPP $M10
    Total $M 287.87
    Less
    To FMH $M190
    Nett $M97.87

    There will be some costs and expenditures to be taken from the Nett figure but it seems to me there is still a lot of cash. Begs the question why $M130 was borrowed!! Future plans?

    After the SPP there will be say 123 million shares on issue.
    If another 15 cent dividend is awarde in March that will cost BCI a bit less than $M20.

    Will another dividend be paid? And harsh comments please.

    Merry Xmas all.

    Pat
 
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