Rey Resources Balances Cash Flow with Financing

Rey Resources Ltd (AU:REY) has released an update.

Rey Resources Limited reported a negative cash flow from operating activities at $653,000 for the current quarter, reflecting significant finance costs and administration expenses. The company’s financing activities, however, provided a positive cash flow of $894,000 for the quarter, mainly from borrowings, which helped offset operating and investing outflows. The net increase in cash and cash equivalents for the period was bolstered by these financing activities, despite the operational and investment-related cash burn.

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