siameseparrot, I have looked at MUN and am impressed with their assetts and costs but can't find any statements or accounts that show they are cash flow positive. To my mind the only thing that stopped a rerating for MUN was the cash on hand and that the market was scared they might do a cap raising.
It might be that I am just not looking very well but can you point me to documents or statements that confirm the cash flow positive bit? Thanks
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