you'r quoting:
"And yet they were cash flow positive.. made profit.."
Again you are wrong wrong wrong..!!
Some days ago you told us what kind of a professional you are/was.. So if so, why you are not able to make an accurate calculation about the whole figures??
With the figures of 23kt p.a. and an aisc of 2.17 they have generated a quarterly CASHDRAIN (LOSS!!) of around ~3mn (-12mn/year!)!! And that's why they took a 10mn bridgeloan in the 3/4th quarter because they knew that their low production and massive high aisc will have a massive negative cashimpact!!
With such q4.16 figures just the operating cash is generating a "profit" but not the cashflow after admin and interests (which are capitalized and also generating more financing costs/interests and new issued "free" shares for the lenders!)!!
you'r quoting: "And yet they were cash flow positive.. made...
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