BEN20 Dec 2022 10:01
Making an Operating loss and with significant amounts of debt on the balance sheet, the miner is not able to service the interest, which comes below the operating loss on the income statement. This does not bode well for investors. Moreover,the co has a convertible instrument on the balance sheet, which will be dilutitative. BEN will have to significantly increase production, by between 25 to 50% to cover their operating costs. There is no point in having inventory as part of production when you should sell it.May look for trade at 10p.Much better things on the radar