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Ann: Cabinda Phosphate Fertilizer Project Funding Update, page-291

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  1. 14,465 Posts.
    lightbulb Created with Sketch. 4212
    "It has just enough cash for two more weeks that’s a fact check the quarterly."

    I see you got a thumbs up for that piece of nonsense. Was that Merchant?

    If you are going to state something as a fact, back it up. It's actually 1.6 quarters That's actually over four months, not two weeks!

    https://hotcopper.com.au/data/attachments/6350/6350746-e847d1e121b02cc5e07bb5df5db346db.jpg


    Talk of insolvency is more nonsense. Every pre-production company has to raise cash periodically until they get into production. Cash burn almost always increases during the development stage.

    The usual suspects are out in force with their blatant down ramping tonight.



    Last edited by chuk: 31/07/24
 
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