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Market Cap
£44.62m
Change Today
0.000p ()
Share Price
30.50p
Quarterly Report Cash Flow
Medusa Mining Limited
31 July 2007
Rule 5.3
Appendix 5B
Mining exploration entity quarterly report
Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98. 30/9/2001.
Name of entity
MEDUSA MINING LIMITED
ACN or ARBN Quarter ended ("current quarter")
------------------- ----------------------
099 377 849 30 June 2007
------------------- ----------------------
Consolidated statement of cash flows
---------- ---------
Current Year to date
quarter (12 months)
$A'000 $A'000
---------- ---------
CASH FLOWS RELATING TO OPERATING ACTIVITIES
1.1 Receipts from product sales and related 3,427 9,936
debtors
1.2 Payments for (a) exploration and evaluation (941) (4,168)
(b) operation (2,093) (6,792)
(c) administration (552) (2,876)
1.3 Interest and other items of a similar nature 5 96
received
1.4 Other (86) (179)
----- ------------------------------ ---------- ---------
Net operating cash flows (240) (3,983)
----- ------------------------------ ---------- ---------
CASH FLOWS RELATING TO INVESTING ACTIVITIES
1.5 Payments for (a) prospects - -
(b) equity investment (1,123) (9,123)
(c) fixed assets (188) (1,388)
(d) development (330) (3,979)
1.6 Proceeds from sale of: (a) prospects - -
(b) equity investments - (25)
(c) fixed assets - -
1.7 Loans to other entities - (50)
1.8 Other (provide details if material) - -
----- ------------------------------ ---------- ---------
Net investing cash flows (1,641) (14,565)
----- ------------------------------ ---------- ---------
1.9 Total operating and investing cash flows (1,881) (18,548)
(carried forward)
------------------------------ ---------- ---------
CASH FLOWS RELATING TO FINANCING ACTIVITIES
1.10 Proceeds from issues of shares, options, etc. 20,125 35,908
1.11 Proceeds from borrowings - -
1.12 Repayment of borrowings - -
1.13 Other (issue expenses) - (722)
----- ------------------------------ ---------- ---------
Net financing cash flows 20,125 35,186
----- ------------------------------ ---------- ---------
Net increase (decrease) in cash held (carried 18,244 16,638
forward)
------------------------------ ---------- ---------
Net increase (decrease) in cash held (brought 18,244 16,638
forward)
1.14 Cash at beginning of quarter/year to date 1,982 3,534
1.15 Exchange rate adjustments to item 1.14 (58) (4)
----- ------------------------------ ---------- ---------
1.16 Cash at end of quarter 20,168 20,168
----- ------------------------------ ---------- ---------
Payments to directors of the entity and associates of the directors
Payments to related entities of the entity and associates of the related
entities
-----------
Current quarter
$A'000
-----------
-----------
1.173 Aggregate amount of payments to the parties included 158
in item 1.2 -----------
1.18 Aggregate amount of loans to the parties included in -
item 1.7 -----------
1.19 Explanation necessary for an understanding of the transactions
---------------------------------------------
Salaries and consulting fees paid to Directors of the Company
---------------------------------------------
Non-cash financing and investing activities
2.1 Details of financing and investing transactions which have had a material
effect on consolidated assets and liabilities but did not involve cash
flows
----------------------------------------------
2.2 Details of outlays made by other entities to establish or increase their
share in projects in which the reporting entity has an interest
----------------------------------------------
Financing facilities available
Add notes as necessary for an understanding of the position.
-------------- -------------
Amount available Amount used
$A'000 $A'000
-------------- -------------
3.1 Loan facilities - -
-------------- -------------
3.2 Credit standby arrangements - -
-------------- -------------
Estimated cash outflows for next quarter
$A'000
------------
4.1 Exploration and evaluation 1,500
------------
4.2 Development 300
-------- ------------
Total 1,800
-------- ------------
Reconciliation of cash
---------------------------- ------------ -----------
Reconciliation of cash at the end of the Current quarter Previous quarter
quarter (as shown in the consolidated
statement of cash flows) to the related items
in the accounts is as follows.
$A'000 $A'000
---------------------------- ------------ -----------
5.1 Cash on hand and at bank 73 488
------------ -----------
5.2 Deposits at call 20,095 1,494
------------ -----------
5.3 Bank overdraft - -
------------ -----------
5.4 Other (provide details) - -
----- ------------------------- ------------ -----------
Total: cash at end of quarter
(item 1.16) 20,168 1,982
------------------------- ------------ -----------
Changes in interests in mining tenements
----------- ---------- ----------- -----------
Tenement Nature Interest at Interest at
reference of interest beginning of end of
(note 2) quarter quarter
----------- ---------- ----------- -----------
6.1 Interests in - - - -
mining
tenements
relinquished,
reduced or
lapsed
6.2 Interests in - - - -
mining
tenements
acquired or
increased
Issued and quoted securities at end of current quarter
Description includes rate of interest and any redemption or conversion rights
together with prices and dates.
--------------------- --------- --------- --------- ---------
Total Number Issue price Amt paid up
number quoted per security per security
(see note 3) (see note 3)
--------------------- --------- --------- --------- ---------
7.1 +Preference
securities
(description)
--------- --------- --------- ---------
7.2 Changes during
quarter
(a) Increases
through issues
(b) Decreases
through returns of
capital,
buy-backs,
redemptions
------------------ --------- --------- --------- ---------
7.3 +Ordinary 142,037,548 142,037,548
securities --------- --------- --------- ---------
7.4 Changes during 17,500,000 17,500,000 $1.15 $1.15
quarter
(a) Increases
through issues
(b) Decreases
through returns of
capital, buy-backs
------------------ --------- --------- --------- ---------
7.5 +Convertible debt
securities
(description) --------- --------- --------- ---------
7.6 Changes during
quarter
(a) Increases
through issues
(b) Decreases
through securities
matured, converted
------------------ --------- --------- --------- ---------
7.7 Options 6,821,446 - Exercise Expiry date
price
(description and (see note 6) (see note 6)
conversion factor) --------- --------- --------- ---------
7.8 Issued during 171,446 - $0.65 13 Nov 2008
quarter --------- --------- --------- ---------
7.9 Exercised during
quarter --------- --------- --------- ---------
7.10 Expired during
quarter --------- --------- --------- ---------
------------------
7.11 Debentures (totals
only) --------- --------- --------- ---------
------------------
7.12 Unsecured notes
(totals only) --------- --------- --------- ---------
------------------
+ See chapter 19 for defined terms.
Compliance statement
1. This statement has been prepared under accounting policies which comply
with accounting standards as defined in the Corporations Act or other standards
acceptable to ASX (see note 4).
2. This statement does give a true and fair view of the matters disclosed.
Date: 31 July 2007
Company Secretary
Roy Daniel
Notes
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 wanting to disclose additional information is
encouraged to do so, in a note or notes attached to this report.
2. The "Nature of interest" (items 6.1 and 6.2) includes options in respect of
interests in mining tenements acquired, exercised or lapsed during the
reporting period. If the entity is involved in a joint venture agreement and
there are conditions precedent which will change its percentage interest in a
mining tenement, it should disclose the change of percentage interest and
conditions precedent in the list required for items 6.1 and 6.2.
3. Issued and quoted securities. The issue price and amount paid up is not
required in items 7.1 and 7.3 for fully paid securities.
4. The definitions in, and provisions of, AASB 1022: Accounting for Extractive
Industries and AASB 1026: Statement of Cash Flows apply to this report.
5. Accounting Standards ASX will accept, for example, the use of
International Accounting Standards for foreign entities. If the standards
used do not address a topic, the Australian standard on that topic (if any)
must be complied with.
6. Unlisted options:
Number issued Exercise price Expiry date
--------------- ---------------- -------------
600,000 $0.4334 23 Dec 2009
3,000,000 $0.5764 16 Dec 2007
250,000 $0.7200 02 Oct 2008
1,500,000 $0.9000 02 Oct 2008
500,000 $1.5000 02 Oct 2008
171,446 $0.6500 13 Nov 2008
800,000 $0.7128 19 Dec 2009
This information is provided by RNS
The company news service from the London Stock Exchange