MYCASINO - Der Bericht - 500 Beiträge pro Seite

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MY CASINO LIMITED 2000-07-31 ASX-SIGNAL-G

HOMEX - Perth

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HIGHLIGHTS

MY CASINO ACQUISITION

The acquisition by My Casino Limited of the online gaming business
was approved by shareholders at a meeting held on 28 March 2000 and
settled with the vendors on 5 April 2000 by the issue of 40 million
shares and 40 million options. In addition, a total of $7.6 million
was raised in April 2000 pursuant to the company`s prospectus, dated
23 March 2000.

Following the acquisition, the company`s listed securities were
re-instated for quotation on the Australian Stock Exchange (ASX), as
My Casino Limited, on 17 April 2000.

Operationally the online gaming activities of My Casino got off to an
excellent start in May and June resulting in a total gaming turnover
of $58 million.

The company`s initial marketing activities in South East Asia have
resulted in player numbers and amounts wagered being well above
initial budget projections.

MINERAL ASSET "SPIN-OFF"

At the end of the quarter the company was in the process of divesting
its mineral interests by transferring them to Rox Limited, a new
company wholly owned by My Casino. My Casino shareholders registered
on 18 July 2000 became entitled to take a proportionate share of a $2
million capital raising being undertaken by Rox Limited and will
recently have received a prospectus and entitlement notice. Details
of these mineral interests and activities during the quarter, are set
out in an attachment to this report.

CORPORATE

Capital receipts during the quarter (net of underwriting fees and
related costs of $456,030) amounted to $10,118,211 and comprised:

* $7,600,000 from the issue of 38 million fully paid ordinary shares
at an issue price of 20 cents each and 38 million attached options,
each option exercisable at 20 cents prior to 31 March 2003. These
securities were issued pursuant to the company`s prospectus dated
23 March 2000.

* $2,626,541 from the exercise of 9,006,163 listed and 1,500,000
unlisted options which were exercisable at 25 cents each on expiry
on 30 June 2000 and 31 May 2000 respectively.

* $347,700 from the exercise of 1,738,500 listed options which expire
on 31 March 2003 and were exercised at 20 cents each.

During the quarter Mr David Benham and Mr Peter Baird resigned as
directors of the company.

Exploration expenditure during the quarter was very minor after
taking account of monies refunded from withdrawn licence applications
and management fees and costs recovered from the Mulgarrie project
where the company acts as manager but project expenditure is funded
by the farminee party.

Costs associated with staff, advertising and marketing totalled
$769,000 for the quarter.

At 30 June 2000 the group`s uncleared credit card based deposits
totalled $3,771,611. This amount has not been included in cash at the
end of the period. Also, a security deposit of US$250,000 held by the
groups bankers is not included in cash at 30 June 2000. The effect of
the uncleared funds and the security deposit are shown on the
accompanying statement of cash flows as part of the cash payments for
"other working capital".

Consolidated cash funds increased during the quarter by $6,203,000 to
$6,650,000 at 30 June 2000.

P R Baird
COMPANY SECRETARY

MORE TO FOLLOW

[Martinus_of_CP]

Was sind die Ausgaben für "other payment capital"? 5 Millionen? Verstehe ich nicht.

[Martinus_of_CP]

Hat es euch die Sprache verschlagen?

[FINKSCHMUTZ]

@Martinus

Berechtigte Frage. Bei MYC scheint ja alles noch viel schlimmer
zu sein, als angenommen.


@Liebe MYC-Pusher

Große Enttäuschung, Eure MYC-Zahlen.

Absolute Klitsche. Ist noch nicht mal in der Lage,
eine Gewinn/Verlustrechnung darzustellen.

Allerdings scheint der Verlust rekordverdächtig zu sein.

Mein Tip als Unternehmensberater:

MYC-Casino sofort schließen und die Verluste stoppen !!
Das restliche Geld nehmen und die alte ABADOR weiterführen.

FINKSCHMUTZ

[Nordwind]

Finkenschmutz, Du blamierst Dich mit System indem Du angeblicher Unternehmensberater einenVerlust aus einem Cash Flow Statement berechnest.

Ich lach mich tod ueber soviel kompetentz

Eric