I'm not sure what outstanding debts the company have at the moment.
There seem to be a few people assuming that the assets acquired through the disastrous takeover of Iberian are worthless. They must have some value, although i doubt anything like what they paid for them.
Cash burn seems to be a major problem - not sure how much of the $30m capital raising was used to retire the bridging loan....there should be a few more answers in the annual report. Might be worth waiting for more news before buying in....don't think i'd sell now if i was a long term holder though.
The board can't be trusted and should be relocated to Santiago.
TMR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held
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