GCY 1.82% 54.0¢ gascoyne resources limited

Ann: Board and Management Changes, page-18

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  1. 93 Posts.
    lightbulb Created with Sketch. 9
    Only way back is to generate CF IMHO.

    So far, GCY has been transparent and accurate on its qtly cash outflow forecasts (Sep Q was $43m).

    GCY's Dec Q cash outflow forecast of $42m.

    Dec revenue 19-22koz at ~$1.7kpoz = $32m-$37m ie Dec cash outflow of $5-10m (absent working capital movements and further FUs).

    Not good enough to rebuild credibility I fear - need a string of CF positive quarters.
 
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