Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
This looks like the bull trade equivalent of an open goal....
Both in the rand and OML? Bounce opportunity...
EPO's cash burn is going to increase again if it has any hope of converting trade receivables into cash, hence it has told you no +ve flow this FY
Statement on cashflow by Q4 big deal.. No delivery from management. Increased revenue by 30% approx yet cash down three million? Something wrong here. Answer is trade receivables up 200%... Aggressive accounting in booking unrealised profit on the balance sheet.
I did read the results, that's where I got the fact they slashed the dividend from... You telling me that's not in there? Tosh indeed.
Well it should do... The fact it slashed its dividend despite a YoY increase in cash flow tells you all you know about what direction the management see the order book heading this year (south).
Graham you seem to be confused. If I have £1300 and say for arguments's sake AAL Paid 6% divi, it doesn't matter if I buy 100 AAL shares or buy 130 shares in 10 £1 companies also paying 6%, I still end up with 6% on my £1300, it just comes from multiple sources.
Bloody phones... "will be the price"
Expecting some info on what they are going to do about the cash situation. I suspect some discounted rights issue will be the tax which should set a bottom. Best trade is short until this is clarified.
Quite obvious here, cash outflows are increasing year on year, 11m in bank in june, py outflow was 9.8m, probably higher this year so the is looking at running out of cash in the next 1-3 months or so. Appointed joint broker, spamming RNS Reach ramp tastic announcements = placing imminent (heavily discounted)
Bottom will probable on 2 March when they give more info on what they are doing about their balance sheet
Borrowable on IG too
Yep, sell.