KIM kimberley diamond company nl.

losses continue

  1. 22 Posts.
    kim fundamentals keep getting worse. I reckon they made a $6m loss in the Sep quarter - no wonder they dont post operating costs any more.

    They keep making losses - and keep having to raise cash to cover losses! How long can this go on? They have $11m debt repayable this year - and unless something happens fast - its more placements to pay for it. Only so long before the banks call in all the debt - then its another $40m placement.

    Brokers reckon they can get operating costs to below $10 per tonne. good luck. still running at $14.

    Fundamental question is - after all the soft ore on the top of the pipes is mined out is the harder rock below profitable? Current costs trends say it is not. Beware the downside
 
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Currently unlisted public company.

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