Which ASX Companies (esp mining) Are Debt Free?

Discussion in 'Stocks & Derivatives' started by SilverDJ, Jul 11, 2016.

  1. SilverDJ

    SilverDJ Well-Known Member

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    As the title says, which (ASX) companies have more cash than debt? (or close to it?)
    SLR was one last I checked
    Others?
     
  2. southerncross

    southerncross Well-Known Member Silver Stacker

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    ARM is a good one.
     
  3. trew

    trew Active Member Silver Stacker

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    NST has no debt and 200+ million in cash

    What you really want is companies with no debt that actually make a profit


    Pretty much any crappy little explorer will have no debt and cash in the bank until it is spent and they do another capital raising

    KAR even has 500 mill in cash but sells for well below their cash value - because nobody trusts the management won't blow the cash
     
  4. finicky

    finicky Well-Known Member Silver Stacker

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    Don't EVN and SAR have net cash? RRL? I suspect quite a few of those that have been producing for a while. Ramelius RMS state they have no debt and $50m cash/gold.
    Anyway, Doray DRM published a preso in June that stated that at Mar 16 the company held $57m cash as against $61m debt (taken on to complete new Deflector mine). So I would guess will be cash balance positive before long.
    I bought a small amount of an engineering company recently that has no debt, quite a bit of cash, and builds gold plants, amongst other things. Havent been able to get full amount of shares. Pays a strong divvy, mgt owns more than 50%
     

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