英语论文网

As Australia's leading independent "pure-play" hematite iron ore producer, Mount Gibson Iron Limited (ASX Code: MGX) is leading the consolidation of the junior iron ore industry, with the successful takeover of Aztec Resources which has built a sustainable platform for future shareholder growth.

与塔勒灵峰已经在其靶向赤铁矿产量3000000吨每年的操作（MTPA），赤铁矿的采矿作业的库兰岛上升从3mtpa对其有针对性的生产速率或4mtpa，开发和施工的扩展山赤铁矿项目开始，安装吉普森将利用强大的铁矿石价格。

With Tallering Peak already operating at its targeted hematite production rate of 3 million tonnes per annum (Mtpaessay), the Koolan Island hematite mining operation ramping up from 3Mtpa towards its targeted production rate or 4Mtpa, and development and construction of the Extension Hill hematite project about to commence, Mount Gibson is well positioned to take advantage of strong Iron Ore prices.

Mount Gibson has firm commercial relationships with major Chinese steel industry customers, and with continued strong demand and prices the Company and its shareholders are ideally leveraged to benefit from further commodity price rises.

The Company is generating strong cashflow and has a stable and experienced management team focused on delivering returns to shareholders.

The net cash flow of current three years has been increased significantly. Especially in 2007, it increases 8.2 times comparing to 2006 of $ 7.4 million net cash flow. This is mainly because the contribution of the net financing cash flow of 2007. The proceeds from borrow increased largely to $73.40 million. This is a good sign to show the company starts to expansion. And as such from the balance of investing cash flow, the large increase amount of $79 million in investing pp&e reflect the expansion of the company. As a result the recepts from customers of 2007 increased dramatically to $ https://www.51lunwen.org/azzy/ 154.44 million comparing to year 2005 of $76.66 million and 2006 of 75.52 million. The proceeds from borrow has an obvious growth in the three years that indicates company has sound cash inflow collection capacity. In the operation cash flow section, even 2006’s receipt from customer did not fully cover the cost of supply and employees, it did not affect the positive profit margin in 2007.

In the annual report it finds out that the company stated to expansion in 2006. It spent a large amount in investing PPE in both 2006 and 2007. It also faces the problem of large amount of payments to suppliers, especially in 2007 of $144.93 million, comparing to 2005 of $57.12 million. This indicates that the company need to have more liquid cash to support the expansion. As a result the, the significant increase of both S/T debt of $12.77 million in 2007 and L/T debt of $138.65 million in 2007 should not be a surprise. To determine whether this insufficient current cash shortfall will influence company’s debt repayment capacity, the efficiency of cash recovery cycle, how long the account receivable and inventory sales can be realized to cash 本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。