IRL 0.00% 0.2¢ india resources limited

Lets face it hiphop, if Surda doesnt become cashflow positive we...

  1. 217 Posts.
    Lets face it hiphop, if Surda doesnt become cashflow positive we can kiss Banwas, Khetri etc goodbye. Did you notice the annual now refers to all loans being repaid by June next year. Im sure that has changed but dont have time to check this detail now.

    Even if further contracts were won how can we fund them? Capitol raising now would be impossible not only due to the credit crisis but IRLs pathetic track record! Even if capitol raising was possible can you imagine the company dilution at current SP levels.

    We all have to wait and hope with this one. I still believe this will come and go like MON for the simple reason they cant generate cashflow. Surda must become profitable or we are history, simple as that imo.

    If Surda can be turned around the opportunities are still overwhelmingly good. Time and money are fast running out though! I still very much hope things turn in our favour but am certainly not holding my breath!
 
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