DRA 0.00% $1.96 dra global limited

Loan use 5 million by 15 May, cash crises? Terms of the loan?, page-17

  1. 312 Posts.
    lightbulb Created with Sketch. 2
    Lets look the cash flows for next years.
    There is no upside with gold production based on the prediction in business part of the Hong Kong
    documents. Last year  was catastrophic with production of
    28 204 ounces, negative cash flow was 8.3  million.
    See page 47-  (8/20 of the PDF)
    http://www.hkexnews.hk/app/sehk/2018/2018052305/a15436/EDM-20180523-10.PDF

    This and next year are predicted to be even worse  2018  26300 ounces, 2019 27 700 ounces.
    These would mean negative cash flow of about 9 million  and 8.5 million.
    Note that 2018 Q1 was bellow the prediction (6400 ounces vs 5735 ounces) and loan usage until 15 May is already 5 million (first post in this thread)
    Q1 prediction is in the last link, Q1 result here:
    https://www.asx.com.au/asxpdf/20180427/pdf/43tjwrnlwx948d.pdf

    2020 and 2021 are predicted to be a bit better with 33 200 and 33 400 ounces, but even these are worse than last positive year 2016 with 34 417 ounces, with possible 1,5 million increase in net cash.
    Years 2020 and 2021 would possibly give 0 result.

    Then the production would sink 2022 to 23 700, 2023 to 25 700
    and 2024 ounces 10 100.  These would mean catastrophic losses over 10 million.

    It possible that Fäboliden could continue as tunnel mine for a couple of years.
    There is no upside with Fäboliden.
    The production figures are from page 16   (pdf 17/100)
    http://www.hkexnews.hk/app/sehk/2018/2018052305/a15436/EDM-20180523-19.PDF
 
watchlist Created with Sketch. Add DRA (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.