29M 4.88% 39.0¢ 29metals limited

Ann: 2024 Half-Year Financial Results, page-4

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  1. 5,290 Posts.
    lightbulb Created with Sketch. 5326
    This is a joke, right? Net Loss After Tax ($109,186,000)

    Positive operating cashflows of $1.3M doesn’t mean anything because it’s before they take into consideration investing activities of ($51.7M) i.e. capex etc, and financing activities of ($26.9M).

    Always look at the cash movement: in this half year alone, they went from $161.8M down to $84.7M.

    Still got debt up to their eyeballs, $216.7M - almost as much as their entire market cap.

    This thing is absolutely cooked.
 
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