Does this mean SFR are struggling to pay back their debts?
So if one goes back to the DFS, they were supposed to average $440m per year in net cashflow, pre-tax, from operations over the first 3 years ending in FY2015, ie in three months time. So therefore net cash of $1.320B was the forecast with an Initial capex of $400m. Now there is going to be $120m left to pay back at the EOFY2015 so I'm guessing a cashflow shortfall/overexpenditure in the order of $1B, good work if you can get it.
It all seems a little pointless doesn't it? No wonder no one whats to invest in the mining industry with financial performance like that from one of the best ore bodies found in a decade.
Tubber
Ann: Finance Facility Repayment Profile, page-2
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Last
$10.34 |
Change
-0.100(0.96%) |
Mkt cap ! $4.190B | |||
| Open | High | Low | Value | Volume |
| $10.42 | $10.52 | $10.34 | $3.653M | 350.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 976 | $10.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.35 | 8141 | 27 |
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| Last trade - 12.39pm 04/12/2024 (20 minute delay) ? |
| SFR (ASX) Chart |
