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3.2¢ olympio metals limited

crooked mgmt, how could they not know their company status more...

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da10bagger

794 Posts.

38

05/01/20

06:50

Post #: 42229102
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Originally posted by Carnival: ↑

They are currently in a dire financial situation.
By my calculations they owe approx $5.5m to Atlas.
If the missing $3m in the current liabilities of the HY is convertible notes then IMO working capital was over stated by $2.5m.
The other current assets are presumably prepayments.
The Biomass asset is presumably way overstated now.
There was $4.7m projected outflows this quarter and now they’re saying no expected revenue from the off take agreement.
The plant and equipment asset looks like it is mainly year old soil moisture probes.
I suspect they have negative tangible assets already and the situation is about to deteriorate fast with the current quarter being by far their quietest.
The final payment to acquire ProAg is also due this month. They must be nervous.

The directors bet the entire company and all its assets on the “trial farm” and lost IMO. It’s just they told everyone they were winning big time, $40m profit winning, right up until the night before Christmas holidays.

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crooked mgmt, how could they not know their company status more accurately !!!

CLI Price at posting: 3.1¢ Sentiment: Sell Disclosure: Not Held
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Last 3.2¢		Change 0.001(3.23%)		Mkt cap ! $2.735M

Open	High	Low	Value	Volume
3.2¢	3.2¢	3.2¢	$176	5.5K

Buyers (Bids)

No.	Vol.	Price($)
2	94654	3.2¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	8701	1

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No.	Vol.	Price($)
2	94654	0.032
1	73892	0.031
1	2000000	0.015
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.040	8701	1
0.044	135127	1
0.045	65550	2
0.047	48695	1
0.054	40000	1

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