OBM 4.41% 35.5¢ ora banda mining ltd

An accounting question please?, page-4

  1. 43 Posts.
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    As anyone who runs their own business is well aware you need cash to pay your bills each month and in some cases fortnightly

    AISC is an "interesting number" if I believe a senior and experienced analyst at Argonaut says it means little

    He like other experienced analyst's examines and assess's free cash flow as the ultimate test

    No different to a small business

    in the horra banda case it has been negative cash flow for a long time and as further evidence tax and accounting losses amounting to some $344m plus are not accumulated by some magic wave of the wand,they are serious losses of shareholders money and in one year debt forgiveness by creditors who took a haircut reduced the losses by some $32m I think
 
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