Results aren’t so badNot sure what the whining is about here. I see cash flow positive, which to me is the most important short term indicator. Profitable (EBITDA), even though overall net loss. Reduced fixed costs (corporate cuts $1.3M; purchased $2M corporate notes that would have continued to cost 8.5% per year - $170,000) which means savings every year going forward. Lean is good for profitability - I take as a huge positive as this rarely happened in the Pathe era.
we already have nearly a full month of rapidly rising Ni prices this quarter, which bodes extremely well for next reporting period.
with this company, nothing is guaranteed. However, as an accountant, I see a number of things happening already under the new CEO that should enhance our numbers going forward. A few quarters like this and S's operating numbers will finally start to attract positive attention.
cheers,
mas