Just looking at cash balances... At 30 June $14m, repaid $30.5m Citi debt, replaced with $25m APAC debt ($26m less loan establishment fee) leaves roughly $8m in the bank. Nifty we know is down to $1m burn a month on C&M.
That leaves Renison with a bit of work to do in order to keep the coffers full. At >$25,000/t for tin at the moment they should be churning good cash even whilst recycling some cash into capital projects. Also note the inventory at the end of last quarter - sales 570t below production. On the assumption this is caught up this quarter that’s potentially 570t x A$25,000t x 50% is roughly $7m gross proceeds. Provides some comfort that we see out this period until a potential sale resolution and rerate of the share price before any potential capital raising.
- Forums
- ASX - By Stock
- MLX
- Nifty Sale
Nifty Sale, page-20
-
-
- There are more pages in this discussion • 206 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 MLX (ASX) to my watchlist
(20min delay)
|
|||||
Last
40.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $362.4M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2824 | 43.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.5¢ | 26049 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2824 | 0.435 |
1 | 1306 | 0.415 |
3 | 74990 | 0.405 |
4 | 301304 | 0.400 |
3 | 280114 | 0.395 |
Price($) | Vol. | No. |
---|---|---|
0.375 | 26049 | 2 |
0.385 | 10894 | 1 |
0.395 | 19780 | 1 |
0.400 | 25000 | 2 |
0.405 | 23284 | 5 |
Last trade - 10.03am 10/09/2024 (20 minute delay) ? |
Featured News
MLX (ASX) Chart |
Day chart unavailable