There is $33m of outstanding payment on the acquisition of SBM assets. If $24m was after this payment then we will be looking at $57m for the month of March. If so then we would expect $171m for this quarter (before $33m payment). My estimate for Jun Qtr is $165m which is reasonably close to $171m!! If this cashflow estimate is accurate then we will be looking for a step jump in share price by July (I anticipate >$6.00) i.e. after the release of the quarterly report.
GLTA.
GMD Price at posting:
$4.46 Sentiment: Buy Disclosure: Held
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