AZG 0.00% 3.6¢ allmine group limited

Allmine previously had forecast $16.5 million NPAT and $150 mil...

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    Allmine previously had forecast $16.5 million NPAT and $150 mil revenue in FY2012. Add the other half of CIA which equates to another $7.5 mil NPAT + $52.5 mil revenue. Potentail new forecast of $23 mil NPAT & $200 mil revenue.

    DJ, I agree that this transaction is likely cash-flow related - I can't see any other reason they could possibly get such an absurdly cheap price. If the previous owners ran into cash-flow issues but Allmine can find the funds - whether through a capital raising or other - then what is the problem?

    At some stage, Allmine will sort out their funding requirements. You're guessing it will be through a capital raising, but equally it could be through larger bank facilities (bonding + working capital).
 
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