MOY 0.00% 5.1¢ millennium minerals limited

Gold sales certainly covered expenses this quarter. Sure they...

  1. 216 Posts.
    lightbulb Created with Sketch. 9
    Gold sales certainly covered expenses this quarter. Sure they expect to spend double the cash held this quarter on production costs, a fact on it's own that I don't think is particularly relevant.

    Instead I would note that the estimated operating outflows are down aprox $1 million for the next quarter from $21.2 million this quarter to $20.2 million for the next.

    Looks alright to me at this stage.

    Finance costs is another matter entirely, I haven't taken the time to look at the original terms for the finance. Kinda just sitting on my MOY investment as a long term play at this point in time. (Happy to take advantage of a more savvy HC posters knowledge here...)

    From my perspective there should be no need for further finance to cover operating costs, provided they don't blow anything up...

    Cheers,

    JB
 
watchlist Created with Sketch. Add MOY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.