just exploring the possibilities here,
So all up potential Gross of $20.844m in the kitty with part successful Capital raise. The CR raised $16m + $1.926 = $8.074 left to find for the $10m target.
So $17.926m was successfully raised. What are the fees with the CR?
I found this in the prospectus.
Canaccord and Euroz Hartleys
Fees of 5.0% of the Gross Proceeds raised under the Placement
Corporate Advisory fee of 1.0% of the Gross Proceeds raised under the Placement
$17.926m - $1.07556m = $16,850,440 raised
The remainder $8.074m would be $484,440 in fees
$16,850,440 + $2,918,000 cash June 30th = $19,768,400
Approx 3 to 4 quarters of cash on hand but if delayed by more than 6 months will require another CR for the finance process
IMO the cash burn would likely be less than $5m per quarter esp if some of the workforce is let go.
What current $$ outlays are there? Feel free to add thoughts @FreeflyerNZ.
Maroochydore is drilled, Nifty is drilled, Nanadie is drilled.
Further lab results for Nifty sulphides?
Revise Maroochy 2016 JORC Cut-off Grade of 0.5% Cu & Cut-off Grade of 1.1% Cu to be like Hollandaire 0.3%?
Government approvals results/fees?
1 off expenses done eg: Yard Crane is bought, some site refurbishments completed (donga's upgraded, 4G upgraded, SX-EW tanks cleaned, stores and spare parts sorted, concrete batching pad refurbed etc). Not a lot left to do until finance is approved and construction begins.
- Forums
- ASX - By Stock
- Copper Price news
just exploring the possibilities here,So all up potential Gross...
-
- There are more pages in this discussion • 561 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CYM (ASX) to my watchlist
|
|||||
Last
4.2¢ |
Change
0.006(16.7%) |
Mkt cap ! $64.09M |
Open | High | Low | Value | Volume |
4.3¢ | 4.7¢ | 4.0¢ | $511.1K | 11.82M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 353683 | 4.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.2¢ | 19996 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 353683 | 0.041 |
2 | 55128 | 0.039 |
3 | 166185 | 0.038 |
3 | 76831 | 0.037 |
5 | 465164 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 19996 | 1 |
0.043 | 135238 | 2 |
0.044 | 104788 | 1 |
0.045 | 347244 | 4 |
0.046 | 449900 | 3 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
Featured News
CYM (ASX) Chart |