IKN

Take physic, pomp

And on the subject of working capital, Coeur Mining (CDE) has just reported its 1q15

A few weeks ago, I had an interesting exchange with reader M who made his case for Coeur (CDE) being the absolute Number One worst run mining company in The Americas. To be honest CDE isn’t a company I’ve ever followed very closely, mainly because it’s always been unattractive as a potential investment and keeps coming out with some very weird deals (these are the people who bought Orko, after all). However M made the case that there was more than simple mediocrity running this show and it was in fact a staggeringly bad company. He made the case well, too.
So when CDE reported its 1q15 this evening I was more interested than before. First stop’s always at the balance sheet round these parts and…
…WTF is that? Dear Coeur people, where has all your money gone?

Leave a Reply

Your email address will not be published.

Hello, you are not in a chatroom, you are in my living room. Opposing views and criticisms welcome, insults or urinating on furniture unwelcome. Please refrain from swearing if possible, it is not needed.