If you look at their own June 2014 cash flow statement (Page 3 of the attachment).
They predicted total cash outflow was going to $58M.
And they had $38M cash balance at the start of the September quarter ($33 M unrestricted and $4.9 M restricted). Page 4.
Now, they have basically admitted that by the end of September, they will have a near zero cash balance (their reason to raise $12 M from placements, to pay $10M to their lender). Probably a few millions left.
Any way, given the available data, its not so hard to work out what their Total Cash Inflows for the September quarter will be around $25M.
This means their cash outflows is exceeding their cash inflows by around $33M for the September quarter.
When this news is finally confirmed at the end of October 2014, LYC will be trading below 6 cents.
IMHO.
- Forums
- ASX - By Stock
- Insolvent
If you look at their own June 2014 cash flow statement (Page 3...
-
-
- There are more pages in this discussion • 57 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 LYC (ASX) to my watchlist
|
|||||
Last
$6.17 |
Change
0.010(0.16%) |
Mkt cap ! $5.767B |
Open | High | Low | Value | Volume |
$6.18 | $6.22 | $6.14 | $10.91M | 1.767M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12550 | $6.16 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.18 | 124 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 12550 | 6.160 |
8 | 33337 | 6.150 |
2 | 30755 | 6.140 |
2 | 18811 | 6.130 |
1 | 34 | 6.100 |
Price($) | Vol. | No. |
---|---|---|
6.180 | 124 | 1 |
6.190 | 6260 | 1 |
6.200 | 30291 | 7 |
6.210 | 38940 | 4 |
6.220 | 17739 | 2 |
Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online