ZNO have gone from $3.1m of cash to $10.25m of cash in the year despite heavily investing in working capital, a concentrate plant & setting up a US office. With gross margins in the region of 70%+ they more than triple cash used to purchase inventory & the majority of customers are cash up front. On $7m of sales a month for example they'd generate around $5m of cash before overheads, tax etc. ZNO is a low capital intensive business requiring little in the way of investment.
ZNO are swimming in cash.
ZNO Price at posting:
$2.28 Sentiment: Hold Disclosure: Held
