RE:cash increased to 9 million cd$ last quarterrudinm wrote: Well tue silver lining for me was even a loss , cash position increased to 9 million cd$ if i am not mistaken. That is good and a company in reality bad shape wiuld decrease cash position!!! So i think even it will take time but the worst at least has been discounted in the stock price
Yes, cash position and working capital improved but the statement of cash flow shows why...
Operationally they are bleeding and the cost of debt is onerous. It's merely due to financing and adjusting loan duration mix that they are buying themselves time for a hoped for turnaround next year. Us longs should be relieved by current liquidity but not delude ourselves. Paying 2X the projected capex for plant 2 last year and seeing that it's capacity was not even needed this year with the strong likelihood that 2023 ends with even plant 1 capacity only 2/3 utilized is definitely not a win for shareholders.