Excellent,thanks for that guys.
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Alot of bids now around 75c lol, I expect most of them are ST. I put a bid in immediately when results came out but sadly didn't get filled.
Commenting only because I had professional training as an auditor.
Very busy week last week, lots of good old fashioned bean counting...was a real shock to the system for a lazy semi retired old mutt like me lol. I think I absorbed that info on the first brief skim read through. Didn't really figure in my earnings, (or lack thereof), analysis anyway but might explain why they released trading EBITDA and not the net loss figure.
Shareholders will recall that as far back as the AGM the directors mentioned they were "in discussions" with the Auditors about the treatment of these new preference shares with the cash redemptive clauses and aspects of them meaning the Auditors wanted to treat them as debt. Obviously they've been in discussions for quite some time. It is very unusual for any company to release very limited financial information without getting clarity from the auditors regarding treatment and classification of material items first. The reasons for that, I'll leave for others to ponder. Very happy with my decision and again, many thanks for your input over the years with this one and many other shares. Best wishes to holders.
The Cibus $14 mil injection is enabling PAZ to bring forward their expansion plans by a number of years..
Covid 19 issues are causing delays.
Price seems to have stabilized around 80c for now, the latest lockdown won't be helping things but with a 3-5 yr holding horizon that shouldn't matter.
Just got another email re "buy one get one free." Happy to take advantage of it again, but not sure whether doing this so frequently is good business practice or not. Opinions?