Management have issued a 'she'll be ok' note with the quarterly. And so they should as if they have another quarter like the last someones going to have to switch out the lights.
Revenue's not bad. If they can get the working cap down and increase the revenue with the two roadheaders it'll make wads of cash.
Sounds simple doesn't it.......
I'm holding because everything else I've got is nicely in the money - not a textbook strategy but I think they can turn this one around.
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Currently unlisted public company.
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
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