Metro Mining's Balance Sheet 'No Longer an Issue' -- Market Talk

Dow Jones09-16

2316 GMT - Metro Mining's balance sheet doesn't concern Shaw & Partners right now, despite questions from clients. Metro Mining had A$57 million of net debt at end-June, and intends to repay its junior debt before refinancing its facility with Nebari. Shaw analyst Andrew Hines models a junior debt repayment of A$12.0 million in the September quarter with the balance of A$11.3 million in the December quarter. "We assume that post the repayment of the junior debt, Metro will refinance the Nebari debt and royalty with a A$50 million debt facility with traditional lenders," Shaw says. That puts Metro Mining on track for A$139 million of net cash by end-2025, based on cash flow projections, and will be well placed to consider a maiden dividend, Shaw says.(david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

September 15, 2024 19:16 ET (23:16 GMT)

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Shaw analyst Andrew Hines models a junior debt repayment of A$12.0 million in the September quarter with the balance of A$11.3 million in the December quarter. \"We assume that post the repayment of the junior debt, Metro will refinance the Nebari debt and royalty with a A$50 million debt facility with traditional lenders,\" Shaw says. 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Metro Mining had A$57 million of net debt at end-June, and intends to repay its ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6026","symbol_name":"百货商店","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2467853120","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2467853120","pubTimestamp":1726442160,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2316 GMT - Metro Mining's balance sheet doesn't concern Shaw & Partners right now, despite questions from clients. 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