GREY:BXEFF - Post by User
Post by
canneon Mar 17, 2018 1:15pm
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Post# 27733681
2017 year end
2017 year endI have to admit I am always confused reading the financial statements. After trying to figure out what was the bottom line, I finally decided the company lost 26 cents a share last year, (mainly because of a "non cash charge). Total company debt went UP around $24 million to $420 million and they own less of the Alder Flats gas plant. Seems like 2018 may be a better year as there may not be as high impairments, The Alder Flats plant will be operating, they have committed 26% of production to a new gas pricing hub and they claim they will be able to cut cost of production by 10%. As I have stated before, I am down 97% on this investment and contrary to Schacther's endless (and WRONG) enthusiastic view that all is well, I will NEVER get my money back... even if this floundering has been were to double, I would still be down 95%