Parabellum Resources Limited - Quarterly Cash Flow Report - 30 June 2024
PARABELLUM RESOURCES LIMITED (PBL) Share Update July 2024 Monday 22nd
Parabellum Resources Limited Releases Quarterly Cash Flow Report
Parabellum Resources Limited (ASX: PRL) has released its quarterly cash flow report for the period ending 30 June 2024, highlighting a decrease in cash and cash equivalents along with detailed financial activities.
Instant Summary:
- Net cash used in operating activities: $72,000
- Net cash used in investing activities: $170,000
- Net cash used in financing activities: $2,128,000
- Cash and cash equivalents at the end of the quarter: $1,636,000
- Estimated quarters of funding available: 7
Operating Activities
During the current quarter, Parabellum Resources Limited reported a net cash outflow of $72,000 from operating activities. This includes payments for administration and corporate costs amounting to $91,000, offset by interest received of $19,000.
Investing Activities
The company spent $170,000 on exploration and evaluation activities, resulting in a net cash outflow from investing activities. No proceeds were reported from the disposal of entities, tenements, or other non-current assets.
Financing Activities
Parabellum Resources Limited did not raise any funds through equity securities or borrowings during the quarter. However, the company repaid borrowings amounting to $2,128,000, leading to a significant net cash outflow from financing activities.
Cash Position
As of 30 June 2024, the company reported cash and cash equivalents of $1,636,000, down from $1,878,000 at the beginning of the quarter. This decrease is attributed to the combined net cash outflows from operating, investing, and financing activities.
Funding Availability
With an estimated $1,636,000 in cash and cash equivalents, Parabellum Resources Limited has approximately 7 quarters of funding available based on the current rate of net cash outflows.
The reported decrease in cash and cash equivalents may raise concerns among investors about the company's liquidity and its ability to fund ongoing operations and exploration activities. The significant outflow from financing activities, particularly the repayment of borrowings, could also impact investor sentiment and the company's stock price.
Investor Reaction:
Investors and analysts are likely to scrutinize the company's future cash flow management strategies. Some may express concerns over the sustainability of current operations without additional funding or improved cash inflows.
Conclusion:
Investors should closely monitor Parabellum Resources Limited's financial activities and strategic plans to ensure the company's continued viability. Staying informed about the company's quarterly reports and any potential funding initiatives will be crucial for making informed investment decisions.