Understanding Ariana’s accounts28 Aug 2019 14:04
I find this a problem. Can someone here, in plain finance for dummies terms, put a simple f’cast of the expected post loan repayment. My take is as follows.
£10m per annum extra free cash for exploration. The complication of the loan share confuses me.
Our P&L and Balance sheet have so much information missing because of these arrangements.
I would like to see the income and direct costs of the production element and then how this net income is distributed and used and how this changes through the 8 year life of the mine. The management have a grip on this but I assume we do not have access to this in any presentation.
Assuming Kerim’s exploration ambitions work out, we should all become stinking rich. How many minnows succeed in gold? Not many!
He ho