What a dud report
Despite a doubling in prices being received the cash position has reduced!
Condisoil residue issue still unresolved and bonds of 50m reflect cleanup cost the waste.
The waste piles must be huge now this is surely becoming a liability.
Sure some debt has been paid off being the interest liability, and some bonds have been converted onky because MtK wants to grab a profit and run from this quickly.
Earnings hardly reflect company valuation imo, and still considered a "going concern"
Hold onto your hats this will get smashed today imo
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Ann: Quarterly Activities Report, page-13
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