TSX:NICUMetals and Mining
Magna Mining (TSX:NICU) Stock Faces A Cash Flow Versus Losses Dilemma
Magna Mining stock closed at CA$2.63 today after a choppy week, with the 7 day return slightly in the red and the 30 day move still firmly positive. The market seems unsure whether to cheer or fade this quarter, even though the headline is clear. Q2 brought higher revenue of CA$29.7m from McCreedy West and a positive operating cash flow of CA$8.9m, yet the company still reported a net loss of CA$8.2m.
That clash between a cash generative mine and ongoing losses is what is really driving...