A40 0.00% 8.2¢ alliance mineral assets limited

Ann: Quarterly Cashflow Report - December 2018, page-28

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  1. 195 Posts.
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    Looks like we'll ship out approximately 23,000dmt in early Feb:
    {[18000 x $880 / 0.73 x 0.95 = $20.6m] + [5000 x $740 *assumed / 0.73 x 0.95 = $4.8m] = $25.4m}

    This leaves us with approximately 9,000dmt in the stockpile, which will increase to 21,000dmt by end of Feb (at ~400tpd).  If we could ship this amount to a new offtake partner in this quarter on similar terms (~US$740/t *assumed):
    [21000 x $740 / 0.73 x 0.95 = $20.23m]

    That's not too bad, given that the development and merger costs are once-off relating to fines and merger related transactions.  

    The most important action is to secure a solid offtake partner on similar terms and hopefully a pre-payment to help boost cash reserves in the short term whilst the plant performance improves.

    The most disappointing area of the update for me is the inconsistent reporting (especially around tantalum), the lack of news regarding the stamp duty payment (is this part of the merger costs?) and no conference call to address any concerns.  
 
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