RCR rincon resources limited

After the CR there is plenty of coin available for acquisitions...

  1. 2,247 Posts.
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    After the CR there is plenty of coin available for acquisitions through cash in hand and approved financing arrangements. This is from the half year report:

    CASH AND NET DEBT
    Net cash increased to $84.7 million as at 31 December 2017 from $25.2 million net debt at the beginning of the period. The December 2017 net cash comprised $129.5 million cash in hand and $44.8 million in borrowings (bank borrowings and accrued interest). The increase in net cash is attributable to the capital raising in August/September (net proceeds of $87.9 million), cash generated from operations ($48.7 million) offset by capital expenditure investment ($14.5 million), FY17 dividend payment ($9.9 million), net interest paid ($1.5 million) and other payments ($0.8 million). The Company has financing arrangements in place with the Commonwealth Bank of Australia Limited and other syndicated financiers. The Banking Facility has a term of three years and expires on 14 December 2019. In December 2017, the Company extended its multicurrency contingent instrument bank guarantee facility by a further $100 million to $295 million and increased the allowable Insurance Bonding limit from $200 million to $250 million. The Banking Facility, together with Insurance Bonding Facilities, provides RCR with access to ongoing working capital for RCR’s operations. The Banking Facility comprises:
     a senior debt facility of $46.25 million, subject to repayments of $5 million per quarter;
     a multi option facility of $75 million, for working capital, which includes overdraft, cash advance and business card facilities; and
     a multicurrency contingent instrument facility of $295 million, which includes trade finance and bank guarantee facilities.
    In addition to the Banking Facility, RCR has Insurance Bonding Facilities totalling $250 million.
 
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(20min delay)
Last
1.2¢
Change
0.000(0.00%)
Mkt cap ! $3.510M
Open High Low Value Volume
1.2¢ 1.3¢ 1.2¢ $27.06K 2.119M

Buyers (Bids)

No. Vol. Price($)
1 190656 1.2¢
 

Sellers (Offers)

Price($) Vol. No.
1.3¢ 773515 2
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Last trade - 16.10pm 26/06/2025 (20 minute delay) ?
RCR (ASX) Chart
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