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With out a doubt a CR is still on the cards and punters I think...

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    With out a doubt a CR is still on the cards and punters I think are not seeing if a CR but exactly when is it going to happen.


    As at 30th September there was 3.32M in the kitty. The anticipated outgoings for the Oct-Dec quarter was 2.8M. Previous quarter was the same but ended up going over by 450K.


    So if we do projected 2.8M up to the last quarter figure of 3.2M we have an ending balance of 120K - 520K.


    A break down of the possible income streams.


    Georgia

    Last quarter figures kind of hinted at only 1 tanker was delivered for the Twiggs project. US $550K / 4 = $137K leaving 413K. We have an additional 110K added to that project, but being that the project is to end in late Jan/early Feb, the additional sale would be in this current quarter (Man-Mar)


    US $59K from 2 warehouse as shown in the last announcement.


    Colorado

    I-70 Shotcrete (15th Nov Ann) estimated 6,000-10,000 CY at 0.5 = 100K

    12 driveways - what is a typical drive way? 10c/ys? Could be more could be less not all driveways are the same. At 2G P/CY = $500 x 12 = $6K

    3 Slab on grade, 3 concrete walls, 4 different shotcrete suppliers for soil retention/swimming pools etc, 6 repeat customers  how much do we estimate all those. Another 100K all up?


    So total estimated revenue for the quarter is 413K, 59K, 6K, 100K and 100K = US $678 which averaging out the AU over the past 3 months at $1.38 is AU $940K. Double the figure from last quarter (469K) which includes Optiblend sales.


    So the kitty plus the estimated total gives a range of 1.06M to 1.46M at the end of December. Additional Optiblend sales could be another 50K and Valley a further 100K.


    I would say an trading halt announcement in regards to a CR could be on the cards by the end of next week.



    Last edited by roaminoz: 10/01/19
 
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