Yup another all time low. Tracking their cash burn ATM.
If they aren't having crisis meetings to remedy the damage then they should be. One of the worst performing stocks in Australia.
More than 70% fall in value in the last 12 months and have also managed to erode shareholders capital by an average of more than $600k every week for the past 12 months.
Great going guys.
Do you pack up now and give the shareholders 3c a share as a payout .. or do you keep ploughing on until you run at of cash and SP hits $0? Cliffs have run out of patience and already written their investment off.
Is this the biggest dog on the ASX? Yes I think it is.
Ann: AGM Presentation , page-14
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