re: 1.2mill++ dump Fred
I dont hold any but have been following with interest. It appears the main problem is cash.
The March 05 cashflow report indicates cash at bank of only $1.85m and all debt faciltities have been used up.
Looking at the last 3 quarters, they havent been cashflow positive on an operating level.
Im surprised that given high commodity prices this company isnt cashflow postitve on an operating level. Sure, increasing the capacity by 50% with the current upgrades will make a difference.
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