Stash,
You wrote "The affairs of Cre and FMl appear to be DELIBERATELY MUDDIED..."
The reporting methods of a $240mil gold producing company are not straight forward. Throw into the works a $124mil subsidiary which was near its end. A lot of the reporting is non-GAAP making comparisons even more difficult. Many issues at play here, from dilution and ore recovery of the mining, to assigning costs to production, to valuing the value of gold on hand, to environmental costs before and after the mine life, to time lags when dealing with an OPA, fml/stone/cre acquisition dragging out, the list goes on. I’m not going to confuse these complexities with a conspiracy theory. Muddied maybe, deliberately....I don’t think so.
You wrote ‘FML / CRE are spending more than they are earning.
In the capitalist struggle for the bucks, is truth is the first casualty?’
In the last quarter cash outflows were more than cash inflows, but this does not mean revenue was less than accrued costs (ie; loss). Is fml in a strong cash position for the next quarter?….yes, did they make a profit last quarter?….I bet. Where is the problem?
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Stash, You wrote "The affairs of Cre and FMl appear to be...
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Open | High | Low | Value | Volume |
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6 | 71439 | 0.130 |
2 | 11763 | 0.125 |
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Price($) | Vol. | No. |
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0.140 | 19859 | 1 |
0.150 | 144463 | 7 |
0.155 | 18648 | 2 |
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