P/L, Balance sheet can always be window dressed. Write down of asset is just that. It ain't worth anything. Sure the mine is still there and if management can still extract some profit form Kayakelerra then they would otherwise the bit the bullet.
So they have used the forward $200M forward 35% production to retire debt. So, not even in working capital and then the rest is marginal at today's spot price. I don't even need to digest all that financial details. One look at the chart tells the whole story. Recent 51.5C low broken and closed below today tells a sad story of a once 10bucks stock. Haven't we been there before post GFC?
P/L, Balance sheet can always be window dressed. Write down of...
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Last
$7.68 |
Change
0.130(1.72%) |
Mkt cap ! $3.063B | |||
| Open | High | Low | Value | Volume |
| $7.64 | $7.95 | $7.64 | $43.19M | 5.574M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4150 | $7.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.71 | 28931 | 4 |
View Market Depth
| Last trade - 16.10pm 27/12/2024 (20 minute delay) ? |
| PDN (ASX) Chart |
