With Creditors at $140M at least $100M should be added to the debt load, Then if you add in the lease liabilities, net debt AFTER the CR is about $350M. Subtract $50M for Mali tax if you like, but if you consider that the company has $50M as an asset in Receivables believing the Mali government owes them money there is a serious disconnect between parties.
Marko made a loss last year after depreciation and finance costs, that’s hardly value accretive. The accounts show a $20M profit but if you add in the finance costs allocated to corporate you’re well in the red.....and there’s only 4 years of mineable reserves left.
Syama is not yet proven. The company has a history of forecasting what they want the market to believe rather than a realistic estimate of the future. Forecast costs are questionable at best. They have just written-off $46M in inventory costs specifically because their costs remain too high, and this is months after declaring commercial production.
Perhaps the market is right to be cautious.
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Last
58.0¢ |
Change
-0.045(7.20%) |
Mkt cap ! $1.234B |
Open | High | Low | Value | Volume |
60.0¢ | 60.0¢ | 57.5¢ | $7.897M | 13.50M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5191 | 57.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
58.0¢ | 61056 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5191 | 0.575 |
8 | 236279 | 0.570 |
5 | 185136 | 0.565 |
6 | 125252 | 0.560 |
4 | 175001 | 0.555 |
Price($) | Vol. | No. |
---|---|---|
0.580 | 61056 | 3 |
0.585 | 151086 | 6 |
0.590 | 264525 | 5 |
0.595 | 107901 | 3 |
0.600 | 238729 | 6 |
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