Mosaic fined again, page-8

First 8 Last

Share
Profile

Follow
alonso

18,151 Posts.

151

01/10/22

12:42

Post #: 63980017
Share

Originally posted by hcosah: ↑

Not a holder but not disinterested. I was a holder in the past and have continued to follow the company should an opportunity to buy re-present. I was an enthusiastic owner and a reluctant seller: https://hotcopper.com.au/posts/31858210/singleShare price is one thing and you may be able to make a quick profit, I'm happy if you do. My comments relate to my view of the business not the share price.

Investment is about the balancing of risk. Even if fundamentals are not your thing it is worth knowing that current liabilities exceed current assets by 100%. As a whole the company has negative equity of $85 million against a market cap of $30 million. In theory equity is what is left over if you wind up the comany today. Creditors must be very nervous. These are the reasons that the auditor highlights 'going concern' and 'value of inventory' as key audit matters. It's not impossible to trade out of a situation like this but the company will be hoping for a macroeconomic windfall and the right side of the ledger with luck. In other words they are relying on factors outside their control.

Expand

As to relying on factors outside their control, the unfortunate thing is many companies will be in the same position in the current global economic situation. This could probably be worse than 2008 depending on how things go. I imagine Mosaic was already in that position during the pandemic shutdown.

MOZ Price at posting: 27.5¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

ASM

'Encouraging' signs as ASM puts cash-saving options to test at Dubbo drill site

BBT

'Clearly superior': Betr doesn't want to accept PointsBet picking Mixi instead

PH2

Iran, nuclear energy, oil – a revival for hydrogen! Nel ASA, Pure Hydrogen, Plug Power, and Oklo

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

DYL

Much-shorted Oz Uranium stocks enjoying big week – and big price jumps

First 8 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 3.6¢		Change 0.000(0.00%)		Mkt cap ! $6.426M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Mosaic fined again, page-8

'Encouraging' signs as ASM puts cash-saving options to test at Dubbo drill site

'Clearly superior': Betr doesn't want to accept PointsBet picking Mixi instead

Iran, nuclear energy, oil – a revival for hydrogen! Nel ASA, Pure Hydrogen, Plug Power, and Oklo

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Much-shorted Oz Uranium stocks enjoying big week – and big price jumps

Featured News

Featured News

Mosaic fined again, page-8

Top Stories

'Encouraging' signs as ASM puts cash-saving options to test at Dubbo drill site

'Clearly superior': Betr doesn't want to accept PointsBet picking Mixi instead

Iran, nuclear energy, oil – a revival for hydrogen! Nel ASA, Pure Hydrogen, Plug Power, and Oklo

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Much-shorted Oz Uranium stocks enjoying big week – and big price jumps

Featured News

Featured News