dogbox
that's what doesn't make any sense.
Its trading, operating, in better financial position than even before even when it had $500M debt in 2007 or than in 2014 when it had COP at 9.50 now 2.90uslb.
How is it that with a NP at 4.50 & COP at 2.90 that this is not a massive bargain and solvent and trading profitably unless the chinese didn't pay for all those delivered sales?
A cash shortage for capex or working capital could be used to cover this for 6 months by then on my maths they ought to have $160M cash in bank if NP goes up.
Surely this is a sick joke as the main ones to suffer will be the staff and US NHs, why would they commit hari kiri to themselves when they put in $100M in 2014 already and now its a stronger better more profitable mine with the lowest debt ever.
IT DOESNT MAKE ANY SENSE TO ME.
Im not a coward or gutless...im a victim, Griffiths told us they will pay the CN with cash! The CEO said its safe and stable, the CFO said $100M cash by December! I didn't make that up. They said it based on sound maths.
- Forums
- ASX - By Stock
- MBN
- Calm down its still a going concern
Calm down its still a going concern, page-2
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MBN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online