Cerrado Gold Inc V.CERT

Walking on thin ice:

[Biliondolarman]

The Company’s cash and liquidity position is, however, sensitive to a number of variables which cannot be predicted with certainty, including, but not limited to, meeting production targets, metal prices, foreign exchange rates, operational costs, capital expenditures and the success of the above noted operational initiatives. If the Company’s cash flow from operations is not sufficient to satisfy its requirements, there can be no assurance that additional debt or equity financing will be available to meet these requirements or available on terms acceptable to Cerrado. The Company's objective when managing capital is to maintain its ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders.>>BDM

[Beluga2020]

Billion$man can you elaborate how why CERT is walking on thin ice? What you have posted is a generic statement that applies to most mining and exploration companies. CERT raised $15M in Feb.

[Biliondolarman]

It means they're losing money. I've read through all the minutes. They have a uge operation with uge payroll. Just doing my DD. If they get Brazil going they may be profitable>>>BDM

[Beluga2020]

Yes I am not surprised that they are losing money as they are ramping up production and spending on capex. This is normal for a company at this stage of their operational development. I expect the Don Nicolas mine to be profitable once they execute their current plans. Besides, people are not  investing in the now. Markets are forward looking and invest in potential and future earnings, which

[nozzpack]

That is obviously true for the near term, as the AISC is very high, exceeding the POG and into negative free cash flows. Longer term, those costs will come down  to peer levels . I still hold half of my position here, because of my future perspective and because I have taken out my initial capital. If you are impatient for earlier profits, you might take my path which was to add more

[Tree2tree]

Monument does not immediately strike me as a sure win from here, but I will have a closer look. Meanwhile, I am also holding THX for imminent production.

[Frozengoldwaiti]

Eqinox is also walking on thin ice.  But they are gettting setup for the future.