The Quarterly cash Flow Report is Out. Interestingly it shows that receipts for the qtr were only 2,008,000.
Thought it was strange that their balance of cash on hand was only 15M at the end of the qtr and this roughly equated to the funds they received from barricks.
It would appear that they have 11M worth of receivables outstanding for gold delivered and not yet been paid.
Total operating cash outflows were just under 12M for the qtr and includes production, development,exploration and administration. So it would seem that they should now be able to comfortably cover their outflows on a go forward basis.
ALD Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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