Sure, if its lower cost than I agree, why not indeed. I am not a...

Sure, if its lower cost than I agree, why not indeed.

I am not a TAW holder so forgive me if I have made a mistake here but the latest TAW cash flow quarterly seems to be showing costs far exceeding revenue despite being in production since quite early in the year - still not cash flow positive, but taking an additional $20m at pretty high rates (looks like 16% to me) seems risky.

My question is really for El Jefe - he is a regular poster on stocks he doesn't hold and is often very critical of 1) high cost debt 2) using debt to pay off debt 3) negative cash flow cracks being papered over with debt.

Im just trying to understand if I have missed something about TAW, or whether the poster is just using different standards to assess different stocks.