hindmost,
You forgot,
provision $11m
loans & borrowings $33.6m
Net tangible asset: $8.7m (very low)
Metal Detection comprises more than 2/3 of its total sales, which dropped 80% in the key market - Africa from $62.5m to $12.5m.
As most of gold companies shed off over 70% of its market value and can't make any profit. They might not have money to buy gold metal detectors any more.
is it a hold or a sell?, page-59
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