Ann: Cooper Energy Bell Potter Unearthed 2024, page-12

To Jake0002, Coto & Seuss,

This is not a criticism, just straight forward questions on your preceding posts as your points intrigue me.

Jake0002 - Can a company that has never made a profit be 'cash flow positive" I ask that question as I was never good at accounting?
Coto - Do you think that having never made a profit might be a restriction on COE's share price?
Seuss - re: a logical buyer of COE; do you think that as COE has never made a profit that it would still be attractive as a takeover target?

The loss for this 23/24 FY will probably be the greatest yet given the cost blow out for the BMG rehab.

Below is an extract from my last COE post which was dated 2/11/2023.
"I cannot see anything on the horizon that should point to a meaningful turnaround for COE. We won't see an annual profit (again) this financial year given the cost for BMG rehab will chew up c. $195M. It concerns me that a company uses assets for a number of years, doesn't make a profit, then books a $195M cost to rehab the spent assets?"
Have a read of my previous 2/22/23 full post.

I see average production for Orbost is still under 50Tj/d (another drag on COE's share price) and COE is now No 68 on the most shorted list, down from No 100 in November 2023. From my perspective I still cannot see anything about COE that is pointing in the right direction.