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8.2¢ alliance mineral assets limited

There was no mention, no referral, nothing about PLS or AJM in...

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Henry Walton

416 Posts.

731

04/02/19

21:51

Post #: 37328065
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Originally posted by quickthinker ↑

Originally posted by Henry Walton
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.
Pls and Ajm are still battling with there fines.... do your research.

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There was no mention, no referral, nothing about PLS or AJM in my post.

What are you on about? do my research?? how about you read what your quoting you dope.

A40 Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
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