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Silent-Bubbles

12,830 Posts.

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01/10/19

13:36

Post #: 40663314
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Originally posted by Silent-Bubbles: ↑

Depends on whether you believe the Interest Component is reflected in the 15 Million estimated ' cash outflow ' figure of $15 million from the last Quarterlies.

Based on the loan balance of $172,933,000 at 15% - I would suggest that the Interest of $6,484,988 is NOT included in the forcast total ' cash outflows ' of $20 million.

So by using the 38,860 dmt announced in the latest shipping update on 21st June and allowing for the adjustment to previous off- take's as measured in the continuing benign AUD to USD exchange rates I would expect a continuing conservative expectation of approximately $760 AUD per tonne

So after adjusting for the increased production for ' Pre-Payments ' brought to account which should be immaterial to the previous quarterly estimates, you get an approximate EBIT of $9,336,000. After deducting the Interest of $6,484,988 you then could perhaps expect our first Quarterly Profit being reported ( but can't be reported until actual figures finalized ) of approximately in the order of $2,850,000 to $3,000,000.

That's how I got my 2.1 - 3.0 times ' Interest Cover ' stated in my last post.

Have a great Trading and Investing session today folk's.......

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In the expression's and words of ' Trump ' - ' Grreat ' set of numbers and effort on presenting a ' Grreat ' Full Year set of Accounts......

There's nothing I like more apart from a ' Grreat ' set of T & L's ..... or is that P & L's is than an in depth overview and well presented set of Final Accounts.

And these are a beauty despite the fact that the Market doesn't seem to agree with me today. In my opinion they seem to have this flavor of being presented along similar lines and standards as that of a North American reporting Company would present they're's..... and as against it's obvious Australian counterparts. And in saying that maybe there is actually something that can be extrapolated and interpreted from that in so far as possible Ventures and / or future funding arrangements or changes are concerned.

Anyway it's just my own observation. However , what I also like about how the number's which eventually came in , is the fact that my own estimation's done back on 1st July 2019 .... only one day after the ink had dried on the EOY balance date of 30th June is how my estimate of EBIT for the QTR came in at only $45,000 or less than half of a percentage off of the Actual results posted in the Final Accounts....... As shown by this statement compared with my attached Post :-

" Positive EBITDA of $9,381,000 was achieved in the fourth quarter of thefinancial year which was the first complete quarter of CommercialProduction "

01/07/19
09:57
Post #: 39314728

AJM Price at posting: 6.7¢ Sentiment: Hold Disclosure: Not Held
2 Upvote

0 Great analysis

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