start here

start here

The Daily IKN email digest, get all daily posts sent to you next day (& no ads)

I say things on Twitter


The best bit of the Pretium Resources (PVG) 4q17 results is...

...without a shadow of a doubt, this line from the NR:
"The Company has working capital of $40.6 million excluding the current portion of long-term debt as at December 31, 2017."

1) can't exclude current debt from working capital. Well you can, but not while keeping a straight face.
2) ...when you include that debt, working capital becomes negative three hundred and thirty-four point four zero nine million. Y'know...details.