A lot of people are putting a positive spin on this stock which is great. I agree that they are a low cost producer and have good mines, and good propects. The thing that concerns me is only 2.8 million in the bank. If there is some calamity at one of the mines eg a cyclone and/or flood, a customer to renegs on a contract, or a customer who goes broke, then they have virtually got no cash resources to draw on.
Receiveables is not cash in the bank.
In this market cash is king.
A lot of people are putting a positive spin on this stock which...
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