GXB, thanks for the pick up, though I think that the wording could be contrued as only the Phu Kham op is cashflow positive. The company is another matter altogether. You know as well as I do that the PR and compliance guys sit all over a press release like this and each clause is parsed with care with a view to future interrogation.
As for the Goldman facility, the granting of it and the renewal of it will be two differant events. As Warren Buffett once said:
"When a management team for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact."
I don't dispute the management of the company at all. It is just that the exogenous factors are pretty bad.
PNA Price at posting:
10.9¢ Sentiment: ST Buy Disclosure: Not Held
