PLS 5.69% $3.16 pilbara minerals limited

Good News & Bad News, page-20812

  1. 122 Posts.
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    If not a little more. We had 1.5 bil end of September qtr inclusive of letters of credit from BMX sales. So could even have 2.5 bil cash end of december. As for how much cash we will have left after the first dividend payment, hard to say without knowing for certain when the first dividend will occur. I believe the first dividend isn’t slated to the paid until after the end of the financial year. At which point we should have about 4 billion in the bank, assuming the bulk of the forecast $400 mil of capex costs for the expansion has already been spent and we haven’t yet paid tax or royalties owed.
 
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