How oh how are investors supposed to make an informed decision about whether to invest in PNR, if we don't know the amount they owe creditors...
Also... was PNR unaware of just how much TUL owed it's creditors...? and... did not no one pick up on the extra $7m required for the merger?
The top sentence also implies.... that the operation was loss making in July...
Not surprising to see the market punish PNR.
Also... could the company give some context to this? Again, does not instill confidence, with creditors requiring payment so explicitly. As in, they don't want to be owed anything substantial, in case PNR goes under.
(That is my speculation, just to be clear).
I really struggle to see how they will achieve guidance for FY24, when they are only producing 4k ounces per month.
Finally... what is the point of putting out the AISC for FY24, but... no mention of the non-sustaining capex.
Without that the number is almost meaningless.
(20min delay)