MOY
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0.00% 5.1¢ millennium minerals limited

goldies up, moy down, page-13

  1. Beardy
    2,444 Posts.
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    04/10/13
    09:00
    Post #: 12405946
    I am puzzled by the Cash/gold figure at the end of the second quarter (30 June 2013) of $ 4.5m

    Because at the end of the 1st quarter, Cash /gold was $ 11.1m

    During the second quarter the EBITDA was $ 12.14 m

    So you therefore you should have $ 23.24 m to make a $ 5m loan repayment and some exploration , say $ 2,5m

    My question ( i am an accountant ) is how did MOY end up with $ 4.5m

    MOY Price at posting: 29.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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