I always worry about the posts that mix up ASIC and AISC.
That said, the post is excellent - and common sense.
But, please note, we are basing our 'belief' on what the management said. The more they screw up, the more their guidances are discounted. Hence a market cap of 167 mill on a company that 'should', according to guidance, generate nearly 100 mill of FREE CASH this year. How can that be? How can that be?
In one or two year, we will sit back an say
1) Wow, we really cleaned up, the 100 mill yearly free cash, has had the market cap rerated up to over $1 - a five bagger
or
2) Well, funny that, a management team that lied and/or was incompetent and we lost all our money
Take you choice. Mr Market is making the book as 4-1 number 1) and 4-1 on (1-4) number 2)
Us positive holders are on a rank outsided according to the bookie.
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I always worry about the posts that mix up ASIC and AISC. That...
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