I'm somewhat curious Chris. Do you think the going concern qualification by the auditors has since lifted?
Is it still a possibility that it has just as much merit today? Do you think ...
-our new CFO should have an Accounting degree?
- the $164m in accumulated losses has improved since then?
- the writedowns have got any better? $11m in 2011 and $19m in 2012.
- the financing & interests costs have shrunk since then?
- the royalties have got any smaller?
- the reserves for rehabilitation have got any smaller?
- the 4th sale of vanmag will be successful?
- what might happen if we can't realise the assets for what we think they are worth?
- given the payout that Bruce B got, are you concerned what AM may have walked away with?
I think the initial post serves as a timely reminder and many of the issues touched on are still just as relevant today and probably even more important today than months ago. It also might help some new to CCC (like our UK friends) do further DD.
As well as the financials I'm also looking forward to updates on US, Kenya and Colombia and all the mooted asset sales & JVs. Should be an interesting month or two ahead of us.
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