from what i can garner the most important and valuable thing the company has is the export licence from Indo. I dont believe these are being issued any more by the govt (although this may change with a more pro-business new president??) and so to keep this licence alive and be able to fold in a number of smaller regional operating mines is where they can play a get out of jail free card...if they still have it in their pocket.
i certainly hope they do and over the next 12-24 months starting to piece together a good portfolio of mines with which to export from.
But like any business cash is king...and they aint got much left. Could not possibly do a cap raising with nothing happening and nothing present that we know about.
fingers crossed...i think it could work its way out of the tight spot it is currently in under good leadership and some top up funding.
AQJ Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
