Really good article, clearly explaining the situation.
Think they have undercooked the Q2 cashflow though by assuming we only get paid for 5 shipments during the quarter. Fairly certain we didn't receive payment for the vessel that sailed 31st March until Q2, which should mean we get paid for 6 shipments in Q2. My high level calc had us with a cash balance around $65m at the end of this quarter.
Once the next quarterly drops, will be very clear to the market what a cash generating machine we have on our hands.
Really good article, clearly explaining the situation.Think they...
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Last
29.0¢ |
Change
0.010(3.57%) |
Mkt cap ! $201.4M | |||
| Open | High | Low | Value | Volume |
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Sellers (Offers)
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Change
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| Last updated 15.58pm 03/05/2024 ? | |||||
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