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Newcastle Minerals Ltd A.NCM


Primary Symbol: V.NCM



TSXV:NCM - Post by User

Comment by asforecastson Nov 25, 2019 6:32pm
80 Views
Post# 30391176

RE:Did anyone else notice...

RE:Did anyone else notice...Positive cash flow - count on $75mil operating cash flow.  $20mil for offtake payoff and $25mil for deferred tax payable.  Company has $16mil available on revolving credit facility.  Getting rid of the offtake liability cost them $62mil in 3rd qtr and deferred tax payable was $20mil in 3rd qtr.  All things being equal they should not have to dip into the revolving credit.
I like that mgnt is getting rid of albatrosses.
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