Nicolee
I believe that AGO is making a profit on its sales, but it is spending more on it's agressive drilling campaign than what it is making in profit from it's sales.
AGO is not cash flow positive, but the burn rate is a lot less than if they were producing.
One day they will be cash flow positive. This will happen when they,
A) cease or reduce exploration
B) Ramp up production
C) all of the above
ago operating cash flow positive?, page-12
-
- There are more pages in this discussion • 48 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)