Metarock cashed up after asset sales

UNDERGROUND mining contractor Metarock had $12.9 million of cash and up to $30.4 million of working capital facilities following asset sales and a capital raising during the June quarter.

Net cashflows from operating activities showed an improvement of $4.1 million compared to the prior quarter.

01 August 2023
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Metarock negotiated with several parties in relation to the sale of surplus assets to further reduce debt as part of the company's recapitalisation plan.

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