AEV 10.0% 1.1¢ avenira limited

"Lol Bongo, now that is a stretch, perhaps if had already built...

  1. 1,006 Posts.
    "Lol Bongo, now that is a stretch, perhaps if had already built a 110million benefication plant that didn't actually work, had no cash, only one project and up to the eyeballs in C-note debt we could have a comparison."

    That is exactly the scenario that awaits MAK if they waste capital (shareholder funds and huge borrowings) on an uneconomical resource.

    $20M is shareholder equity has already vaporised.

    A new 12 month low today?
 
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