Post by
cfliesser on Jul 30, 2024 9:44pm
Working capital
This is the most important metric for this company.
When WC was large negative indicated they had trouble refinancing.
Right now WC increased from +5 last Q to +19.
Thats 19M that could go to capex or debt repayment next Q free and clear.
How is it possible that they have 19M in cash on hand and the company is valued at 100M??
They could easily have reduced debt to 77M with these funds. They've been slightly negative WC before.
Crazy.
It's the only number I look at other than net debt and production these days.
Very bullish.