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08/12/21
15:43
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Originally posted by surfthemarket:
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The bashers are focusing on costs because a healthy increase in revenue doesn't suit their narrative. As I pointed out, with some calculated analysis, after the last Quarterly Report - large corporate costs were down 45% from the previous quarter, cost savings on manufacturing & operations down 7.5% and staff costs constant. In business, staff costs grow in line with company expansion - so make a note of that experts ............. keep up eddie. As a comparison, I heard a podcast yesterday that looked at the Top 5 small caps of 2021. Their costs went like this ; Sayona - SP up 1447% - CY Loss $4.38 million Red Hill Iron - SP up 1189% - CY Loss $2.65 million Provence Resources - SP up 971% - CY Loss $14.5 million Arizona Lithium - SP up 933% - CY Loss $2.9million Lake Resources - SP up 887% - CY Loss $3.46 million Reigning in costs and increasing revenue is what it's all about for a start-up to be successful. The fundamentals of Creso are still good - except for .......... (I'll address that later for you Sadaji)
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except you analysed the last quarter.. i have been looking at their financials for 3 years.. (paints you a better picture) which is why I arrived at my conclusion why this management have to go and called them out multiple times.. I have eaten my fair share of humble pie...Would you like some reality pie?