The limited cash is just for working capital, not for a buy back program. Moreover , they are short of cash anyhow to start up production, this is becoming a bottle neck, as at current SP they cannot raise cash. BFS to start production showed $150 million, new BFS will most probably be much higher. This will be a huge obstacle with current marketcap <$ 50 million They also might consider to buy remaining shares in Union Resources to get 100% control over Namibia. There is no cash at all for funny items.
AEV Price at posting:
20.6¢ Sentiment: ST Buy Disclosure: Held
