GW1 0.00% 5.3¢ greenwing resources ltd

$11M sale proceedsless $1.1 est qtr cash outflow (to 31 Mar)plus...

  1. 277 Posts.
    $11M sale proceeds
    less $1.1 est qtr cash outflow (to 31 Mar)
    plus $1.1 cash at bank at 31 dec
    less $3.8 debt o/s at 31 Dec

    equals debt free cash posotion of $7.2m or 45% disc to current SP

    plenty of upside beyond a cash backing if a nice project gets bought and the mkt likes it!!
 
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