BNT
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0.00% 2.5¢ bounty mining ltd

paschal,i'll never touch this stock again... from looking at...

  1. turbo124
    336 Posts.
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    28/01/07
    11:53
    Post #: 2144199
    paschal,

    i'll never touch this stock again... from looking at that quarterly..

    they originally predicted NPAT '07 -> $10mill which was/is impossible...

    even if you take the $2mill anomaly out of the quarterly statement, you get a cash flow +ve of $1.3mill for the quarter - at there 160,000 ton mine rate... that only works out to me as $5.2mill EBITDA

    safe to say this company is writing cheques it cannot cash...

    BNT Price at posting: 0.0¢ Sentiment: Buy Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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