“They had a raft of operational issues during that time that meant they struggled to turn a profit”
Yes my point exactly!!!
The cashflow report was one thing but the balance sheet was another……smoke and mirrors…..
Btw you simply can’t use decade old gold prices and mining costs to now. Costs always have a correlation to gold price!
As it stands, FML are clearly losing money and to think Greenfields can be turned around to be profitable is fanciful as best. IMO CNX will be bypassed which tells you everything you need to know about its current assets.
Ann: Quarterly Cashflow Report , page-4
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