A40 0.00% 8.2¢ alliance mineral assets limited

I don't agree with the credit raise being needed or likely, we...

  1. 416 Posts.
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    I don't agree with the credit raise being needed or likely, we just shipped $25million worth of product.

    Our cash balance as of today would be sitting around $38million, with 27kt more wet tons of production this quarter if we hit guidance thats, a further $25million in dry product, if we sell 20kt of that which we should, we will have $58million by March 31st.

    We have $51mill estimated going out, $7mill of that is for fines completion which will go on debt, that leaves us $44mill in out going $58mill in cash to cover it.

    With $7mill in product and whatever Ta we manage to produce sth around $3mill.

    If all goes to guidance $14mill cash with $10mill in receivables, thats not a situation that demands a 17cent credit raise.
    Last edited by Henry Walton: 04/02/19
 
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