ruined by previous chairman

If Kiernan had'nt gone shopping like a drunken sailor with what many thought to be 'a conflict of interests', TTY would have $50million in the bank, paying dividends and cash on hand to see through the hard times.
Unfortunately with the slowing of China's economy, perhaps softening of IO prices another annual loss and production disruptions from the coming wet season could be enough to 'maybe' push TTY over the edge. Very hard for company's in production and running at $$millions$$$ of losses to raise cash in this environment.
Is TTY heading for administration in the forseable future? Some shareholders are not happy because they are dumping big time.
Fortunately i sold my small shareholding at a small loss at 90c.