Earnings are meaningless until there is a deal What good are earnings if the cash is stuck in a crappy, corrupt country? The supposed deal with the banana republic of Kyrgyz was delayed until January 31, 2019, and some time in the next 2 weeks, I bet there will be an announcement that the settlement is delayed yet again.
The banana republic of Kyrgyz is stalling, and they might continue stalling for years until all the gold is gone and the mine is shut down. Then they can just keep the cash and say bye bye to Centerra.
Kumtor is effectively worthless without a deal. It is being held hostage and is effectively nationalized.
I sure hope I am wrong, and a deal is forthcoming.