AJM 0.00% 10.5¢ altura mining limited

Ann: Quarterly Cashflow Report, page-2

  1. 6,066 Posts.
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    The company was broke without getting the loan and I don’t believe expected outflows for a second over this current Q.

    I expected approx $50m and they got $20m.

    I think we can safely call the last quarter a major failure.
    Spend was DOUBLE expected spend.
    10%, 20% maybe at a huge stretch even 50% but double is just madness.

    Does anyone have the balls to say that they could have been this far out with estimates?
    I have never seen a company so far out on costs.
    Nothing surprises me with this company anymore.
    What’s that saying about a leopard?



    Actual B096A8B1-97B8-4A82-9B40-FD890E92A9AF.png
    Last edited by El Jefe: 31/10/18
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