fallacy of liquidity - cer vs cnp, page-35

I love all the points above that Defabstar has posted.

I'll be ecstatic to see two things on Wednesday.
1. A significant improvement in look-through operating cashflow, and the underlying interest cover ratio.
2. A statement from the auditors that there is no material uncertainty regarding CER continuing as a going concern.

I expect to be ecstatic about point 1. If I get number 2 as well I'll be dangerous to be around for a while.

I'm taking the view that the look through op cashflow is the ticket to fairer recognition of the NTA, whatever it happens to be.