Not looking so clowny now. Sure they're in production, but...

Not looking so clowny now.

Sure they're in production, but they're sucking up cash and have loans due already in the coming financial year. I'm not close enough to this to know how they are going to fund themselves going forward, but it doesn't look good. And both the HY and recent quarterly report are pretty vague on the topic.

My holding here goes back a while, and I guess I was sort of assuming that going into production would improve things. Anyone who's held LYC or GBG now knows this is not the case, but back then they too looked like pretty exciting near production prospects.

I'm not quite sure what to do now. This is not the first time I've assumed the management of a listed company has a better idea of what they are doing than is actually the case. The daily chart seems to imply that without a miracle, something bad is going to happen quite soon. Will I sell now, while I still can, or will I sit on my hands, close my eyes and pray? I don't know yet, but probably the latter, as is my habit.