Annual report on Alice, page-4

Cash cows generate cash, not consume it! Sure they have $16M now, but they had over $32M a couple of years ago. The question is how did they spend that money and when will we see projects delivered that will start generating profits...!? I have held shares in GBE for many years purchased on the basis of their cash pile at the time and Kanyika/HREE opprotunities. But its a diminishing pile and while Kanyika remains, the HREE have gone to be replaced by graphite. Will hang in there for now but the case for buying more is less obvious despite the cash and prospects.