NFE got the chop today to join us on 12 centsAppears any company...

NFE got the chop today to join us on 12 cents

Appears any company with $100 million debt and negative
Cash flow is heading for administration
I doesn't matter what assets they have

$1 down to 12 cents is the new norm nowadays
Looking to see if PAN joins us as well

How do these companies become cash flow positive

I guess the first thing is exploration
Forget exploring for awhile and work on current mines
Next is to reduce staff to a minimum
Next is to use the highest grade ore for 6 months or so
Next is to start praying for commodity prices to rise
Next is to hope the AUD keeps dropping

Looks pretty grim at the moment
Management has to look to the future
That is to do what they can to stay viable until the tide turns
It could take years
Maybe these companies don't have that long

Imoo