29M 0.00% 34.0¢ 29metals limited

This is a joke, right? Net Loss After Tax ($109,186,000)Positive...

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    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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