Gemfields has huge debt more than I expected..
"A thorough look at balance sheet shows a debt of $58m as of Dec 16. Company could have been suffering from cash deficit, as its monthly expense was at $10m amount to approx $60m by Dec 2016 and if put against sales of $51m and debt of $58m, and only $12m cash in book, any layman would have called it bankrupt or on the verge of."
Fosun knows the debt & numbers but they are willing to pay 256 million pounds .
Mozambique ruby is gold.
Gemfields MC could have been doubled if they .....
http://www.diamondworld.net//Content/Gemfields-to-de-list-Game-changer-or-Game-Over/15331?item=15331
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