RE:RE:RE:Record Production!! Another jump to 16k oz per monthYes i know there will be income tax. I said there is a "possibility" that it can reach $10m. I didn't say it is a probability or certainty. There are too many changing variables to make an accurate prediction. A change in capex spending can drastically change the amount of cash available. The timing of VAT refunds can result in big changes in cash. Delaying accounts payable can result in more cash available. Just too many variables that can change a lot.
However, the probability is very very high that free cash flow for Q2 will be much higher than Q1.
Method wrote: ts9222 wrote: I'm thinking there is a possibility that they could reach $10m free cash flow for Q2, and $0.50 eps (adj) for a $1.40 stock.
That seems aggressive on FCF as income taxes will still need to be paid on earnings. It should be higher as EBITDA should be up substantially from Q1 but all of the increase in EBITDA won't go to FCF.
I hope you are right though!