MOY 0.00% 5.1¢ millennium minerals limited

Ann: Corporate presentation - February 2019, page-20

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. 154 Posts.
    lightbulb Created with Sketch. 36
    Flaming, I bought quite a bit today.

    You said the same about CR back in September 2018 yet they paid off some debt in December quarter. Why pay off debt if you need CR? 

    From MOY December quarterly: 

    "During the Quarter, $5 million was repaid to the Revolving Loan Facility (RLF) with Investec.Millennium considered it prudent to repay these funds to the RLF, rather than continue holdingthem as cash, to reduce the Company’s interest liability."

    According to MOY Feb 2019 Presentation:

    • Cash, bullion and availablefinancing facilities (31 Dec 18)A$18.2M
    • DebtA$5M

    To quote what you said (flaming):

    "I know lot of people wouldn't like to hear this.But I smell a cap raise soon.....the massive pump......then distribution......and now investor presentation.I wouldn't be surprised to see TRADING HALT Friday or Monday.A cap raise at 19-20c would be a great achievement by management.I could be wrong though but it looks very familiar to prior instances I have been through.By the way I'm out for now....sold the last of my units.Thank you."

    This is only in my opinion, not offered or to be taken as financial advice, DYOR
 
watchlist Created with Sketch. Add MOY (ASX) to my watchlist

Currently unlisted public company.

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