do some math and go through all the Qtrly and separate capital expenditure and do depreciation of plant and equipment over 10 years (approximately) plus separate all the upfront royalties for NE which is future liability. Then you will see we may have positive equity. All the written losses may go away once we write back Chatree in our balance sheets.
I’m more interested from 01.7.2024 to 31.12.2024 where we will make at least $45-70m profit and management should be able to declare a small dividend and or use $5-10m to buy back shares. Management said to me they don’t like to sit on cash rather pass it on to shareholders.
Ann: Chatree Gold Mine Plant 1 Update, page-134
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