Metal Bank Limited (AU:MBK) has released an update.
Metal Bank Limited’s latest quarterly cash flow report shows a net decrease in cash and cash equivalents due to operating and investing activities, with outflows of $148,000 and $690,000 respectively for the current quarter. However, these were offset by a strong cash inflow from financing activities, totaling $2.7 million, resulting in a net cash increase for the period. This financial activity highlights the company’s ongoing efforts in exploration and evaluation, as well as its ability to secure financing in a challenging economic environment.
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