RE:RE:RE:This offers some optimism - Feb 16 - quote and linkis this accurate math? I mean their losses were not all cash losses correct? a write down is not a cash loss.... nor is amatorization. is smart accounting.it is smart accounting. Full disclaimer, I'm not claiming they have a smart accountant.
Sanguinity wrote: Agreed.
Sherritt just revealed that at the end of Q4 2023 it had doubled its losses from the previous quarter, to the point that the cash on hand was now down to what they're just lost in the past 90 days.
In other words, now at the halfway point in Q1 2024, the burn rate means - if not stopped - they are out of money altogether in 45 days.
That's bankruptcy. Pumping and dumping stock is going on, on this board, furiously.