debt laden guilford

This company will have around $6m in cash left in the bank at the end of June. It is also full of debt!!!

All loan facilities fully used up to the tune of $111 million.

In my opinion, Noble will get GUF for whatever it has lent them.

Company looks very sick financially.

DYOR but this company may not be around by the end of the year like many other of it's peers that have gone pedal to the metal re: coal.

Management change suggests to me that company is in trouble and it's going to run out of finance options soon if it hasn't already.

Coal mine in Mongolia is not up and running but in "care and maintenance". How can this company ever get it's head above water if coal is on the nose for the next few years?