Assumptions have been made based on the figures available. Problem is he hasn't researched enough on RMS past to understand how the figures came about. Wattle Dams history and sudden end came before they were ready for it. There's a bunch of your lower earnings, writedowns and asset loss. The transition into Mt M wasn't complete and is now only coming online after great expenditure. Wattle Dam was meant to finance it till this point and when that cash cow vanished the company was left do it the hard way. And at recent gold prices they were left marginal.
They've turned the corner and if gold maintains a reasonable level then they'll continue to grow.
Folly of looking backwards, page-3
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