I have always said and demonstrated that they are not cash positive based on extremely high production costs. Many blinded bulls shot me down saying Surda is the very much undervalued and a great project, now egg on their face.
Someone is making money but not shareholders.
Production costs double of revenue. Very low mine life. Extremely doubtful they'll turn this around in time.
$1m left in the bank.
Monarch had the same problems. MON part II coming up?
Need a cash raising ASAP, on last legs, imho.
Why would the Indians care if it goes belly up. They'll just produce themselves or flick Surda to someone else. imho
IRL Price at posting:
0.0¢ Sentiment: LT Sell Disclosure: Not Held
