Given their cash flow position it is hard to imagine that even with increased production and a 12% increase in price of vermiculite they will cover expenses in this quarter.This company seems to bleed cash.
With these prices a capital raising seems out of the question. Also it is also hard to imagine them selling the limestone project(Solaris) with any short turn around.Also there has been very little information on Solaris for a long time.
So IMO they are left with debt. I wonder if they are able to issue bonds? Would Dupre be able to be a lender? If this happens they will have rights over shareholders if the company goes bankrupt.
Also is it possible the sophisticated shares holders on the board are able to be lenders. If so could "non sophisticated" share holders be once again disadvantaged?
Again just lots of questions. But it all seems very concerning at this point.
what we know, page-2
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Last
0.7¢ |
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Mkt cap ! $3.794M | |||
| Open | High | Low | Value | Volume |
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|---|---|---|
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