B2Y 0.00% 2.9¢ bounty mining limited

Ann: Quarterly Activities Report, page-30

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  1. 541 Posts.
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    Sept Quarter End - Negative A$5.7M cashflow, A$3.1M in the bank and also A$10M equity raise (total $13M equity)


    December Quarter (ESTIMATE) - Estimate was 190kT ROM and break even cashflow based on 158kT of met coal sales (this was B2Y forecasts)

    December Quarter (ACTUAL) - Cash Flow: -A$14.1M / quarter 
    Total Outflows: A$35.1M
    ROM Production: 139kT for 109kT met + 19kT themal = total revenue $21M

    March Quarter (ESTIMATE) - B2Y need to produce 185kT on ROM in order to be cash flow positive based on outflows of $38.6M.
    It is going to be a tough ask for B2Y, needing to produce 185kT to break even, that's a massive 33% increase QoQ. 

    There was no news on the toll wash of bluff coal as well, this has the potential to prove money for nothing, which is disappointing... The cash would be nice right about now. With a combination of 1 operating mine and a couple okay tenements B2Y is still be appealing to the right buyer...

    Glad I trusted my gut and held on prior to buying... I see further negative pressure on the SP, but any news on bluff has the potential to change this sentiment.

 
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