Management/board has responsibility to support share price here. Their cash is going up and total cash requirement is less than 60 million which should be fully covered by cash flow from operation. I think due to carnage in mining industry equipment/service cost is going down. Unless I miss something, 60 million is sufficient to bring Kapulo and Dil underground.
Management can do two things:
a. Initiate small buy back ( range of $5-10 million) b. Insider buy
If they don't do, we may have to accept low ball offer.
MWE Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
