Liquidity was stated twice in last ann... never seen this stated before (only they know)...last ann keeps trying to justify the recent problems and low Fe prices (which is questionable imo), expensive repairs etc etc
overall not positive ...sounds like they are treading water to me and need a cash injection esp. with all the current repayments in accounts payable and loans....but we don't know the current balance sheet only they do...
Then thy say we have X cash and X receivables BUT don't say what payables they have only we are trying to maintain liquidity
nfe good buy , page-121
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