Murchison Metals Reports Negative Cash Flow of $17.44m for the 30 September 2009 Quarter (MMX.AX, 01004496, 20091029)

Huntleys' Stock of the Week

FINANCE NEWS

Other Resources
- RSS Feeds
- Message Boards

Finance Videos

Marketplace

Murchison Metals Reports Negative Cash Flow of $17.44m for the 30 September 2009 Quarter
Thursday October 29, 2009, 9:19 am

Original Announcement: Quarterly Activities and Cashflow Report

Murchison Metals reported negative cash flow of $17.44m for quarter ended 30 September 2009. Operating cash flow for the period was $(5.02m). Payments for exploration and evaluation were $(3.21m). Investing cash flow was $(12.44m). Financing cash flow was $17,000. Cash in hand at the end of the quarter was $108.1m. Activities for the September quarter included: settlement of the Evans & Koh litigation; at Crosslands Resources, exploration success at Jack Hills, and increased shipping volumes for the quarter; and at Oakajee Port and Rail, WorleyParsons appointed Project Management Study Contractor for the project.

Current Quarter $A'000- 30 Sept 2009 Year to Date $A'000-3 Months
Net Operating Cash Flows (5,019) (5,019)
Net Investing Cash Flows (12,442) (12,442)
Total Operating and Investing Cash Flows (17,461) (17,461)
Net Financing Cash Flows 17 17
Net Increase (Decrease) in Cash Held (17,444) (17,444)
Cash at Beginning of Quarter/Year to Date 125,539 125,539
Cash at End of Quarter 108,095 108,095