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clock Created with Sketch. 01/09/19
13:19
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Originally posted by tendoji
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Totally wrong. 1. Cash shown is cash that is also held in escrow for stage 2. This is not the true amount of cash at bank available for operations. The key issue is that mgmt advised a few weeks of shut down. This has now turned into a few or three months of shutdown. We were originally told it was due to customers not wanting shipments. Which was clearly not true as AJM was increasing shipments to Ganfeng. The core issue PLS did not address was the plant problem. How really bad this is no one knows but PLS mgmt have lost all credibility not being honest about it. This is everything that happened at AGO. Where Ken mislead investors into a brick wall.
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