1.9 Net cash from / (used in) operating activities
-
(958)
- - (45) (140)
- 1 - - - -
-
(958)
- - (45) (140)
- 1 - - - -
(1,142)
(1,142)
Consolidated statement of cash flows
Current quarter
$A'000
Year to date (3 months)
$A'000
2. Cash flows from investing activities
2.1 Payments to acquire:
(a) property, plant and equipment
(b) tenements (see item 10)
(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
- - - - - - - - - - -
- - - - - - - - - - -
-
-
3. Cash flows from financing activities
3.1 Proceeds from issues of shares
3.2 Proceeds from issue of convertible notes
3.3 Proceeds from exercise of share options
3.4 Transaction costs related to issues of shares, convertible notes or options
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
3.10 Net cash from / (used in) financing activities
- - - - - - - - -
- - - - - - - - -
-
-
Consolidated statement of cash flows
Current quarter
$A'000
Year to date (3 months)
$A'000
4. Net increase / (decrease) in cash and cash equivalents for the period
4.1 Cash and cash equivalents at beginning of period
4.2 Net cash from / (used in) operating activities (item 1.9 above)
4.3 Net cash from / (used in) investing activities (item 2.6 above)
4.4 Net cash from / (used in) financing activities (item 3.10 above)
4.5 Effect of movement in exchange rates on cash held
4.6 Cash and cash equivalents at end of period
1,736 (1,142)
- - -
1,736 (1,142)
- - -
594
594
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
5.2 Call deposits
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)
4 590 - -
15 1,721 - -
594
1,736
6. Payments to directors of the entity and their associates
6.1 Aggregate amount of payments to these parties included in item 1.2
6.2 Aggregate amount of cash flow from loans to these parties included in item 2.3
Current quarter
$A'000
90
-
6.3 Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2
Payment of Director Fees and superannuation
7. Payments to related entities of the entity and their associates
Current quarter
$A'000
7.1 Aggregate amount of payments to these parties included in item 1.2
7.2 Aggregate amount of cash flow from loans to these parties included in item 2.3
- -
7.3 Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2
8. Financing facilities available
Add notes as necessary for an
understanding of the position
8.1 Loan facilities
8.2 Credit standby arrangements
8.3 Other (please specify)
Total facility amount at quarter end $A'000
Amount drawn at quarter end
$A'000
-
-
-
-
-
-
8.4 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.
9.
Estimated cash outflows for next quarter
$A'000
9.1 Exploration and evaluation
9.2 Development
9.3 Production
9.4 Staff costs
9.5 Administration and corporate costs
9.6 Other
9.7 Total estimated cash outflows
273 - - 48 145 -
466
Estimated outflows are entirely dependent on available cash. Directors will continue to monitor expenditure and consider funding options available to the Company.
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
Nil
10.2 Interests in mining tenements and petroleum tenements acquired or increased
Nil
Compliance statement
1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.
2 This statement gives a true and fair view of the matters disclosed.
...... MARK PITTS ...............................................
1. The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report.
2. If this quarterly report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. If this quarterly report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.
3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.
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GME Resources Limited published this content on 30 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 30 October 2018 01:46:04 UTC
Alliance Nickel Limited is an Australia-based exploration and development company with nickel and cobalt interests in Western Australia. The Company is focused on becoming a supplier of battery-grade nickel and cobalt products. The Company's principal asset is its 100% owned NiWest Nickel Cobalt Project situated adjacent to Glencore's Murrin Murrin Operations. NiWest hosts undeveloped nickel laterite resources in Australia, estimated to contain approximately 85.2 million tons averaging 1.03% Nickel and 0.06% Cobalt. The region is recognized for its well-established nickel and cobalt production and is well serviced with infrastructure such as public rail linked to ports, gas pipeline, arterial roads, optic fiber communications, a commercial airstrip and nearby mining towns.