Calm down its still a going concern, page-4

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wazbee

3,906 Posts.

109

25/09/15

18:48

Post #: 16063364
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Originally posted by tomboy ↑

dogbox
that's what doesn't make any sense.

Its trading, operating, in better financial position than even before even when it had $500M debt in 2007 or than in 2014 when it had COP at 9.50 now 2.90uslb.

How is it that with a NP at 4.50 & COP at 2.90 that this is not a massive bargain and solvent and trading profitably unless the chinese didn't pay for all those delivered sales?

A cash shortage for capex or working capital could be used to cover this for 6 months by then on my maths they ought to have $160M cash in bank if NP goes up.

Surely this is a sick joke as the main ones to suffer will be the staff and US NHs, why would they commit hari kiri to themselves when they put in $100M in 2014 already and now its a stronger better more profitable mine with the lowest debt ever.

IT DOESNT MAKE ANY SENSE TO ME.

Im not a coward or gutless...im a victim, Griffiths told us they will pay the CN with cash! The CEO said its safe and stable, the CFO said $100M cash by December! I didn't make that up. They said it based on sound maths.

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You could always make your money back on the graphite stock you constantly garbage which is outperforming all your stocks.

MBN Price at posting: 8.3¢ Sentiment: None Disclosure: Not Held
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Calm down its still a going concern, page-4

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