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    GGG   AU000000GGG4

GREENLAND MINERALS LIMITED

(GGG)
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  1. Net increase / (decrease) in cash and cash equivalents for the period
  2. Cash and cash equivalents at beginning of period

  3. Net cash from / (used in) operating

    2,140 2,706

    activities (item 1.9 above) (425)(3,449)

  4. Net cash from / (used in) investing activities

    (item 2.6 above) --

  5. Net cash from / (used in) financing activities (item 3.10 above)

  6. 4,625 7,083

Greenland Minerals and Energy : Quarterly cashflow report

02/06/2017 | 11:12am EDT
Appendix 5B

+Rule 5.5

Mining exploration entity and oil and gas exploration entity quarterly report

Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/13, 01/09/16

Name of entity

GREENLAND MINERALS AND ENERGY LIMITED

ABN

Quarter ended ("current quarter")

85 118 463 004

31 December 2016

Consolidated statement of cash flows

Current quarter

$A'000

Year to date (12 months)

$A'000

1.

Cash flows from operating activities

-

-

1.1

Receipts from customers

1.2

Payments for

(196)

(1,058)

(a) exploration & evaluation

(b) development

-

-

(c) production

-

-

  1. staff costs

    • exploration & evaluation staff costs

    • administration staff costs

(336)

(217)

(1,318)

(846)

(e) administration and corporate costs

(221)

(1,034)

1.3

Dividends received (see note 3)

10

38

1.4

Interest received

1.5

Interest and other costs of finance paid

-

-

1.6

Income taxes paid

-

-

1.7

Research and development refunds

521

521

1.8

Other (provide details if material)

14

248

1.9

Net cash from / (used in) operating activities

(425)

(3,449)

  1. Cash flows from investing activities
  2. Payments to acquire:

  3. property, plant and equipment - -

  4. tenements (see item 10) - -

  5. Consolidated statement of cash flows

    Current quarter

    $A'000

    Year to date (12 months)

    $A'000

    (c) investments

    -

    -

    (d) other non-current assets

    -

    -

    2.2 Proceeds from the disposal of:

    (a) property, plant and equipment

    -

    -

    (b) tenements (see item 10)

    -

    -

    (c) investments

    -

    -

    (d) other non-current assets

    -

    -

    2.3 Cash flows from loans to other entities

    -

    -

    2.4 Dividends received (see note 3)

    -

    -

    2.5 Other (provide details if material)

    -

    -

    2.6 Net cash from / (used in) investing

    -

    -

    activities

  6. Cash flows from financing activities

  7. Proceeds from issues of shares

  8. Proceeds from issue of convertible notes

  9. Proceeds from exercise of share options

  10. Transaction costs related to issues of shares, convertible notes or options

  11. Proceeds from borrowings

  12. Repayment of borrowings

  13. Transaction costs related to loans and borrowings

  14. Dividends paid

  15. Other (provide details if material)

  16. 3.10 Net cash from / (used in) financing activities

4,625

-

-

-

-

-

-

-

-

7,093

- 12

(22)

-

-

-

-

-

4,625

7,083

Consolidated statement of cash flows

Current quarter

$A'000

Year to date (12 months)

$A'000

4.5

Effect of movement in exchange rates on cash held

-

-

4.6

Cash and cash equivalents at end of period

6,340

6,340

5.

Reconciliation of cash and cash equivalents

at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts

Current quarter

$A'000

Previous quarter

$A'000

5.1

Bank balances

4,715

158

5.2

Call deposits

1,625

1,982

5.3

Bank overdrafts

-

-

5.4

Other (provide details)

-

-

5.5

Cash and cash equivalents at end of quarter (should equal item 4.6 above)

6,340

2,140

Current quarter

$A'000

137

-

  • Payments to directors of the entity and their associates
  • Aggregate amount of payments to these parties included in item 1.2

  • Aggregate amount of cash flow from loans to these parties included in item 2.3

  • Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2

    NA

    Current quarter

    $A'000

    -

    -

  • Payments to related entities of the entity and their associates
  • Aggregate amount of payments to these parties included in item 1.2

  • Aggregate amount of cash flow from loans to these parties included in item 2.3

  • Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2

    NA

    Total facility amount at quarter end

    $A'000

    Amount drawn at quarter end

    $A'000

    -

    -

    -

    -

    -

    -

  • Financing facilities available Add notes as necessary for an understanding of the position
  • Loan facilities

  • Credit standby arrangements

  • Other (please specify)

  • Include below a description of each facility above, including the lender, interest rate and whether it is secured or unsecured. If any additional facilities have been entered into or are proposed to be entered into after quarter end, include details of those facilities as well.

  • NA

    9.

    Estimated cash outflows for next quarter

    $A'000

    9.1

    Exploration and evaluation

    266

    9.2

    Development

    -

    9.3

    Production

    -

    9.4

    Staff costs

    554

    9.5

    Administration and corporate costs

    178

    9.6

    Other (provide details if material)

    -

    9.7

    Total estimated cash outflows

    998

    10.

    Changes in tenements (items 2.1(b) and 2.2(b) above)

    Tenement reference and location

    Nature of interest

    Interest at beginning of quarter

    Interest at end of quarter

    10.1

    Interests in mining tenements and petroleum tenements lapsed, relinquished or reduced

    -

    -

    -

    -

    10.2

    Interests in mining tenements and petroleum tenements acquired or increased

    -

    -

    -

    -

  • Greenland Minerals and Energy Limited published this content on 06 February 2017 and is solely responsible for the information contained herein.
    Distributed by Public, unedited and unaltered, on 06 February 2017 16:12:08 UTC.


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    Financials
    Sales 2020 0,16 M 0,12 M 0,12 M
    Net income 2020 -3,08 M -2,33 M -2,33 M
    Net cash 2020 36,0 M 27,2 M 27,2 M
    P/E ratio 2020 -102x
    Yield 2020 -
    Capitalization 141 M 107 M 107 M
    EV / Sales 2019 2 293x
    EV / Sales 2020 2 018x
    Nbr of Employees 28
    Free-Float 81,4%
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    TrendsNeutralBearishBearish
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    John Lefroy Mair Managing Director & Executive Director
    Miles Simon Guy Chief Financial Officer & Secretary
    Peng Ho Non-Executive Chairman
    Simon Kenneth Cato Non-Executive Director
    Xiaolei Guo Non-Executive Director
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