GREY:WHTGF - Post by User
Comment by
baystock1on Nov 19, 2017 7:29pm
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Post# 26993317
RE:MGZ has great financials, terrible dilution of stock
RE:MGZ has great financials, terrible dilution of stockThe latest financials (H1 2017) look quite bad to me:
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Total cash cost (TCC1 ) in H1 2017 increased by 42% compared to H1 2016 as a result of growth in depreciation and amortization expenses included into cost of sales and currency rate fluctuation. TCC in Q2 2017 increased by 51% compared to Q2 2016;
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The company reached negative adjusted EBITDA1 for the H1 2017 in the amount of $1,319k comparing with positive adjusted EBITDA for the H1 2016 in the amount of $3,680k. The adjusted EBITDA1 in Q2 2017 in the amount of $995k comparing with Q2 2016 in the amount of $3,199k;
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Cash flow used in operating activities before changes in working capital amounted to $1,320k for H1 2017 compared to cash flow received from operating activities of $4,483k in H1 2016;