Legacy Iron Ore Ltd (AU:LCY) has released an update.
Legacy Iron Ore Ltd’s latest quarterly cash flow report indicates a net decrease in cash from operating activities, with substantial outflows for production, staff, and administrative costs, only slightly offset by customer receipts and interest received. However, the company has seen a significant increase in cash from financing activities, primarily through the proceeds from equity securities. This influx helped overcome the operational cash outflow and investing cash outflow, leading to a net increase in cash and cash equivalents for the period.
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