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MYC - Commitments Test Entity - Fourth Quarter 1/1 (P)

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20:30 30/1/2001 No.7189

$0.088 as of 16:06 31/1/2001



MYC - ASX Company Announcement
THIS IS A PRIORITY ITEM
30 January 2001
Part 1/1
--------
MY CASINO LIMITED
-----------------

HOMEX - Perth
-------------------------
Commitments Test Entity - Fourth Quarter Report

THE QUARTERLY REPORT OF MY CASINO LIMITED FOLLOWS.

The on-line casino recorded a betting turnover of over $1 million
during the quarter.

During the period a review was made of all operating expenditures and
as a result the net average cash operating cost of operations was
reduced by 26% compared to the previous quarter. The current overhead
cost of the MYC group of companies is budgeted at under $150,000 per
month.

In November 2000 My C0 My Casino Limited received a full recovery of all
costs associated with the spin-off of its mineral assets to Rox
Limited totalling $111,645.

The group ended the quarter in a strong cash position with cash at
call of over $4.Om.

Directors are currently examining other technology-related investment
opportunities with a view to maximising returns to shareholders.

M O`Donnell
CHAIRMAN

APPENDIX 4C
QUARTERLY REPORT FOR ENTITIES
ON BASIS OF COMMITMENTS

Name of entity
My Casino Limited

ACN or ARBN Quarter ended ("current quarter")
009 423 189 31/12/2000

CONSOLIDATED STATEMENT OF CASH FLOWS

Cash flows related to Current Year to date
operating activities Quarter (12 months)
AUD`000 AUD`000

1.1 Receipts from customers 7 920
1.2 Payments for
(a) staff costs (255) (891)
(b) advertising & marketing (55) (667)
(c) research & development - -
(d) leased assets - -
(e) other working capital (279) (6,917)
1.3 Dividends received - -
1.4 Interest and other items of
a similar nature received 68 267
1.5 Interest and other costs of
finance paid - -
1.6 Income taxes paid - -
1.7 Other - Bond monies - (436)

1.8 Net Operating Cash Flows (514) (7,724)

Cash flows related to investing activities
1.9 Payment for acquisition of:
(a) businesses (item 5) - -
(b) equity investments - (1,040)
(c) intellectual property - -
(d) physical non-current assets (32) (209)
(e) other non-current assets - (518)
1.10 Proceeds from disposal of:
(a) businesses - -
(b) equity investments - -
(c) intellectual property - -
(d) physical non-current assets - -
(e) other non-current assets - -
1.11 Loans to other entities (100) (100)
1.12 Loans repaid by other entities - -
1.13 Other (provide details if material) - -

Net investing cash flows (132) (1,867)

1.14 Total operating and
investing cash flows (646) (9,591)

Cash flows related to financing activities
1.15 Proceeds from issues of
shares, options, etc. - 13,578
1.16 Proceeds from sale of
forfeited shares - -
1.17 Proceeds from borrowings - -
1.18 Repayment of borrowings - -
1.19 Dividends paid - -
1.20 Other (provide details if material) - -

Net financing cash flows - 13,578

Net increase (decrease) in cash held (646) 3,987

1.21 Cash at beginning of quarter/
year to date 5,076 443

1.22 Exchange rate adjustments to item 1.20 - -

1.23 Cash at end of quarter 4,430 4,430

PAYMENTS TO DIRECTORS OF THE ENTITY AND ASSOCIATES OF THE DIRECTORS
PAYMENTS TO RELATED ENTITIES AND ASSOCIATES OF THE RELATED ENTITIES

Current Quarter
AUD`000

1.24 Aggregate amount of payments to
the parties included in item 1.2 162

1.25 Aggregate amount of loans to the
parties included in item 1.11 Nil

1.26 Explanation necessary for an understanding
of the transactions

-

NON-CASH FINANCING AND INVESTING ACTIVITIES

2.1 Details of financing and investing transactions which have had a
material effect on consolidated assets and liabilities but did
not involve cash flows

-

2.2 Details of outlays made by other entities to establish or
increase their share in businesses in which the reporting entity
has an interest

-

FINANCING FACILITIES AVAILABLE
Add notes as necessary for an understanding of the position.

Amount Amount
available used
AUD`000 AUD`000

3.1 Loan facilities - -
3.2 Credit standby arrangements - -


RECONCILIATION OF CASH

Reconciliation of cash at the end Current Previous
of the quarter (as shown in the quarter quarter
consolidated statement of cash flows) AUD`000 AUD`000
to the related items in the accounts
is as follows.

4.1 Cash on hand and at bank 96 2,037
4.2 Deposits at call 4,299 3,004
4.3 Bank overdraft - -
4.4 Other - Bonds 35 35

Total: cash at end of quarter (item 1.22) 4,430 5,076



ACQUISITIONS AND DISPOSALS OF BUSINESS ENTITIES

Acquisitions Disposals
(item 1.9(a)) (Item 1.10(a))

5.1 Name of entity - Rox Limited

5.2 Place of incorporation
or registration - Australia

5.3 Consideration for
acquisition or disposal - $-

5.4 Total net assets - $5

5.5 Nature of business - Mineral
exploration


COMPLIANCE STATEMENT

1. This statement has been prepared under accounting policies which
comply with accounting standards as defined in the Corporations Law
or other standards acceptable to ASX.

2. This statement does give a true and fair view
of the matters disclosed.

J Asquith
COMPANY SECRETARY Date: 30/01/2001

ends


KOMMENTAR:

Alles klar ??

Casinogeschäft anscheinend am Boden.
MYC heute (-30 bis -40%) in Australien eingebrochen.

Einfache Rechnung:

ca. 4 Mio Cash dividiert durch ca. 200 Mio Aktien.
(Optionen etc. noch nicht einmal berücksichtigt !!)

--> Kursziel: 0,02-0.03 AUD (Max. !!)

GO

[GOGI]

Hallo GOLDONLY,

wenn wir schon am Boden sind, dann müßte es doch wieder aufwärts gehen.
Was meinst Du?
GOGI

[GOLDONLY]

HALLO GOGI,

Ich schrieb oben: `Das Casinogeschäft` am Boden.
Der Aktienkurs von MYC bewegt sich aber immer noch in relativ luftigen Höhen. Guter Rat ist schwer.
Bei 0,02 würde ich auch nicht mehr verkaufen.

GO