Mosaic fined again, page-9

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mickeebee

4,308 Posts.

1217

01/10/22

15:04

Post #: 63981238
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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.

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QUARTER OF A BILLION NEGATIVE EQUITY...!!
Only real assets are inventory and some PEE.....the cash is mostly borrowed money! The right of use $71m asset (AASB16) is more than offset by the two lots of -$122m in lease liabs!!!

How will $200m of a/cs payable (twice the inventory balance) be paid???!! they havent even paid suppliers (im sure theyre totally happy with that!!- NOT!!!).....

how much longer can these guys rob peter to pay paul to keep the lights on?? music will stop at one point - this cant continue....

MOZ Price at posting: 27.5¢ Sentiment: Sell Disclosure: Not Held
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