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The real problem with Capstone's ( 3q15 numbers

Capstone Mining ( 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