I took up more at 65c so am well underwater even on those with the free options!
At least the high percentage of cash burn is on exploration and their admin/staff costs have been reined in.
Liberdade is a viable asset and will find a happy new home in a few months IMO - just need to see a slight change in sentiment and off we go again.
As I have said many times before, this is overall a sentiment led downturn rather than one purely based on fundamentals. Sentiment will (must) change - now we punt on "when"!!
No fear of them folding IMO, none whatsoever!
Watch for a trend to develop in increasing volumes in to mid-caps and similar as an indication of the turn being underway and confirmed IMO.
Cheers
Cabe
tickety boo, page-14
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