PAL is soon to be out of cash. They announced at the Q2 conference they have to replace the entire surface and underground mobile mining fleet as it is obsolete, unreliable and unproductive ! Where in the world are they going to get the tens of millions of dollars to do this ? Another share issuance ? Not looking good folks ... They said this was an unforeseen expenditure that they didn't budget for. Such competent management !
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.