RE:I need something explained to me. 256.244 million in ......reefsandals4eva wrote
shareholder equity as of Dec2018 . On the Balance sheet it shows 348,286 million in total assets and 94.062 in liabilities Which leave 256.244 million in shareholder equity and the Market Capital is about 63 million?? That's not even close to the shareholder equity number. Why is this? Is it simply lack of interest?
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The problem is that that $256 million in shareholder equity is in assets that are marginal cash generators as they are low grade and have not produced the estimated amount of gold and profits and have had higher costs than expected. You can have all the equity you want but if it does not produce profits it is pretty well worthless.
That being said with this extremely low market cap. if they can get Florida Canyon up to speed even if costs are not quite as low as estimated it could produce some good cashflow which should make the shareprice rise a lot from this point. Then there is Ana Paula lurking in the background which will make a lot of profits when developed hopefully in the not to distant future.
No guarantees but the risk reward is looking pretty good to me.