GCY 1.82% 54.0¢ gascoyne resources limited

Ann: Operational Update and 2019 Production Guidance, page-11

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 10,813 Posts.
    lightbulb Created with Sketch. 863
    I am more worried about cashflow. Plenty of companies have ended in administration making a accounting profit because they were not earning enough cash to pay their debts. It might be fine to capitalise the strip ratio, but all this stripping is certainly going to have a massive impact on the cashflow in 2019. How understanding are the bankers going to be if GCY gets into a cashflow problem in the next 12 months?
 
watchlist Created with Sketch. Add GCY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.