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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Valor Resources Limited    VAL   AU000000VAL6

VALOR RESOURCES LIMITED

(VAL)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 12/02
0.0045 AUD   0.00%
11/08VALOR RESOURCES : Update on Projects & Date of Annual General Meeting
PU
10/29VALOR RESOURCES : Quarterly Activities Report
PU
10/29VALOR RESOURCES : Quarterly Cashflow Report
PU
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SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Valor Resources : Quarterly Cashflow Report

10/29/2020 | 06:05am EST

Rule 5.5

Appendix 5B

Mining exploration entity or oil and gas exploration entity

quarterly cash flow report

Name of entity

VALOR RESOURCES LIMITED

ABN

Quarter ended ("current quarter")

88 076 390 451

30 September 2020

Consolidated statement of cash flows

Current quarter

Year to date

$A'000

(12 months)

$A'000

1.

Cash flows from operating activities

1.1

Receipts from customers

-

-

1.2

Payments for

(a)

exploration & evaluation

-

-

(b)

development

-

-

(c)

production

-

-

(d)

staff costs

-

-

(e)

administration and corporate costs

(214)

(214)

1.3

Dividends received (see note 3)

-

-

1.4

Interest received

-

-

1.5

Interest and other costs of finance paid

(1)

(1)

1.6

Income taxes paid

-

-

1.7

Government grants and tax incentives

-

-

1.8

Other (provide details if material)

-

-

1.9

Net cash from / (used in) operating

(215)

(215)

activities

2.

Cash flows from investing activities

2.1

Payments to acquire or for:

(a)

entities

-

-

(b)

tenements

-

-

(c)

investments

-

-

(d)

exploration & evaluation

(74)

(74)

(e)

investments

-

-

(f)

other non-current assets

-

-

ASX Listing Rules Appendix 5B (17/07/20)

Page 1

+ See chapter 19 of the ASX Listing Rules for defined terms.

Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report

Consolidated statement of cash flows

Current quarter

Year to date

$A'000

(12 months)

$A'000

2.2

Proceeds from the disposal of:

(a)

entities

-

-

(b)

tenements

-

-

(c) property, plant and equipment

-

-

(d)

investments

-

-

(e)

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

(74)

(74)

activities

3. Cash flows from financing activities

3.1 Proceeds from issues of equity securities

(excluding convertible debt securities)

-

-

3.2

Proceeds from issue of convertible debt

-

-

securities

3.3

Proceeds from exercise of options

-

-

3.4

Transaction costs related to issues of equity

-

-

securities or convertible debt securities

3.5

Proceeds from borrowings

-

-

3.6

Repayment of borrowings

-

-

3.7

Transaction costs related to loans and

-

-

borrowings

3.8

Dividends paid

-

-

3.9

Other (provide details if material)

-

-

3.10

Net cash from / (used in) financing

-

-

activities

4. Net increase / (decrease) in cash and cash equivalents for the period

4.1

Cash and cash equivalents at beginning of

626

626

period

4.2

Net cash from / (used in) operating

(215)

(215)

activities (item 1.9 above)

4.3

Net cash from / (used in) investing activities

(74)

(74)

(item 2.6 above)

4.4

Net cash from / (used in) financing activities

-

-

(item 3.10 above)

ASX Listing Rules Appendix 5B (17/07/20)

Page 2

+ See chapter 19 of the ASX Listing Rules for defined terms.

Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report

Consolidated statement of cash flows

  1. Effect of movement in exchange rates on cash held
  2. Cash and cash equivalents at end of period

Current quarter

Year to date

$A'000

(12 months)

$A'000

(6)

(6)

331

331

5.

Reconciliation of cash and cash

Current quarter

Previous quarter

equivalents

$A'000

$A'000

at the end of the quarter (as shown in the

consolidated statement of cash flows) to the

related items in the accounts

5.1

Bank balances

331

626

5.2

Call deposits

-

-

5.3

Bank overdrafts

-

-

5.4

Other (provide details)

-

-

5.5

Cash and cash equivalents at end of

331

626

quarter (should equal item 4.6 above)

6.

Payments to related parties of the entity and their

Current quarter

associates

$A'000

6.1

Aggregate amount of payments to related parties and their

97

associates included in item 1

6.2

Aggregate amount of payments to related parties and their

-

associates included in item 2

Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments.

ASX Listing Rules Appendix 5B (17/07/20)

Page 3

+ See chapter 19 of the ASX Listing Rules for defined terms.

Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report

7. Financing facilities

Note: the term "facility' includes all forms of financing arrangements available to the entity.

Add notes as necessary for an understanding of the sources of finance available to the entity.

7.1 Loan facilities

7.2 Credit standby arrangements

7.3 Other (please specify)

7.4 Total financing facilities

Total facility

Amount drawn at

amount at quarter

quarter end

end

$A'000

$A'000

-

-

-

-

-

-

-

-

7.5

Unused financing facilities available at quarter end

-

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

8.

Estimated cash available for future operating activities

$A'000

8.1

Net cash from / (used in) operating activities (item 1.9)

(215)

8.2

(Payments for exploration & evaluation classified as investing

(74)

activities) (item 2.1(d))

8.3

Total relevant outgoings (item 8.1 + item 8.2)

(289)

8.4

Cash and cash equivalents at quarter end (item 4.6)

331

8.5

Unused finance facilities available at quarter end (item 7.5)

-

8.6

Total available funding (item 8.4 + item 8.5)

331

8.7

Estimated quarters of funding available (item 8.6 divided by

1.15

item 8.3)

Note: if the entity has reported positive relevant outgoings (ie a net cash inflow) in item 8.3, answer item 8.7 as "N/A".

Otherwise, a figure for the estimated quarters of funding available must be included in item 8.7.

8.8

If item 8.7 is less than 2 quarters, please provide answers to the following questions:

8.8.1 Does the entity expect that it will continue to have the current level of net operating

cash flows for the time being and, if not, why not?

Answer: No. As announced in May 2020, settlement of the sale of the Radio Gold Project

completed and the final project development costs ceased for the Radio Gold

Project which has resulted in lower net operating cashflows with final payments with

respect to this project paid in July 2020. Net Operating cashflows will increase again

in FY2021 following completion of the Pitchblende acquisition (referred to below and

subject to shareholder and ASX approvals).

8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further

cash to fund its operations and, if so, what are those steps and how likely does it

believe that they will be successful?

Answer: Yes, as announced on 22 October 2020, Valor has entered into a transaction for

the acquisition of Pitchblende Pty Ltd which, subject to all necessary shareholder

and ASX approvals, includes a capital raising of $800,000.

ASX Listing Rules Appendix 5B (17/07/20)

Page 4

+ See chapter 19 of the ASX Listing Rules for defined terms.

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Valor Resources Ltd. published this content on 29 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2020 11:04:02 UTC


© Publicnow 2020
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Financials
Sales 2020 - - -
Net income 2020 -3,09 M -2,30 M -2,30 M
Net cash 2020 0,62 M 0,46 M 0,46 M
P/E ratio 2020 -1,25x
Yield 2020 -
Capitalization 8,64 M 6,38 M 6,42 M
EV / Sales 2019 1 194 176x
EV / Sales 2020 -
Nbr of Employees -
Free-Float 56,3%
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Income Statement Evolution
Managers
NameTitle
George Bauk Executive Chairman
Paula Smith Cowan Secretary & Non-Executive Director
Brian Keith McMaster Non-Executive Director
Gary L. Billingsley Non-Executive Director
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