InvestSMART

Genmin Limited (ASX:GEN)

ALERT: Price-sensitive ASX Announcement for GEN
Current share price for GEN : $0.008 0.002 (33.33%)+
Announcement
Release
30 Apr 2026 10:05AM
Price at Release
$0.006
Full Release
download
Summary
The document is a Quarterly Appendix 5B Cash Flow Report for Genmin Limited, covering the quarter ending on March 31, 2026. It details the company's financial activities, including cash flows from operating, investing, and financing activities. Genmin reported a net cash outflow from operating activities of $3.326 million, primarily due to exploration, evaluation, and administrative costs. Investing activities saw a cash outflow of $1.083 million, mainly from payments for exploration and evaluation. There were no cash flows from financing activities this quarter. As a result, the company's cash and cash equivalents decreased from $9.377 million to $4.770 million by the end of the period. The report also highlights the company's strategy to manage its cash reserves through cost management and potential funding initiatives, including a non-binding letter of intent with SHICO for funding the Baniaka Iron Ore Project.
Key Points
  • Net cash outflow from operating activities: $3.326 million.
  • Net cash outflow from investing activities: $1.083 million.
  • Cash and cash equivalents at quarter end: $4.770 million.
  • No cash flows from financing activities reported.
  • Entered non-binding LOI with SHICO for potential project funding.
  • Implementing cost management and cash preservation strategies.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.