Capstone Mining (CS.to) announced its 3q15 financials this evening and while the world goes “oooh” and “aaah” at the fully expected write down (they’ve plumped for nearly $200m), your humble scribe is drawn to this metric:
They can’t even make a profit on the revs minus costs level. Ugh.
UPDATE: And this is the highlight from the MD&A, the “we’re not going Ch11 at the moment, promise” bit.
Hamlet, Act 3, Scene 2, line 240