Australia's largest stock trading and investment forum Australia's #1 stock forum

IKW

Click for more information

0.00%

46.0¢ ikwezi mining limited

I think the $23 mill in inventory is calculated at cost. The...

First 2 Last

Share
Profile

Follow
udprelay

170 Posts.

2

12/04/22

14:37

Post #: 60808795
Share

Originally posted by guttedsquid: ↑

With coal prices as they are I did some quick calcs to see where it may sit.

Jan - 80k tonnes @ $150 per tonne - 8.4 mill for our 70% share
Feb - 85k tonnes @ $175 per tonne - 10.4 mill for our 70% share
Mar - 90k tonnes @ $250 per tonne - 15.75 mill for our 70% share

The already had $23 mill in inventory which I assume is coal from their annual report. That would be costed at much lower prices so effectively
could be worth double if not sold until Feb/Mar

The above doesnt take into account expenditure but revenues for the Q could be over $34 mill - We did 26 mill for the half

Cash at bank should be 15-20 mill. in the next quarterly you would think and if they ramped up production more than we I have calc
above then these numbers could be conservative

Expand

I think the $23 mill in inventory is calculated at cost. The market value of the inventory should be at least 3 times of the cost I guess.

IKW Price at posting: $1.88 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Making money: How many microcaps should be in an investor's portfolio?

What each US election outcome would mean for Australian companies & investors

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

There are more pages in this discussion • 2 more messages in this thread...

First 2 Last

Add IKW (ASX) to my watchlist