Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Comes with a health warning (not the orange juice although some insist it’s deadly). Sold at £1.30 ish with a small loss and have been warning ever since. Hadn’t thoroughly done a cash forecast but soon realised this is bankrupt in the proper sense of the word, or D4E at bugger all.
The short-term relief bounce is OVER. Wake up to the reality of the massive cash outflow headwind. Can’t keep robbing tomorrow’s payments on account. Working capital has to be funded. Securitisation of contracts is overdue. And those huge impairments have to be paid for in cash. The lenders are knocking at the door. CFO likely struggling to produce cash flow forecasts to prop it up, screaming at the pricing team for different outlooks.
A gentleman from say York, Leeds or Scarborough who believes a horribly loss making company can infinitely squeeze working capital against the flow, pull in cash payments to rob tomorrow, stop impairments turning into cash losses and not get eaten alive by crap contract margin incompetence.
There, job done,