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Re: Libertarian74 post# 38689

Sunday, 08/16/2015 8:59:52 AM

Sunday, August 16, 2015 8:59:52 AM

Post# of 63744
Maybe, but consider that they're investing out flows last quarter were 32 million, they have a bond intrest payment coming up for 8.5million and this is a managment team who is always 2-3 months late on any promise told us Namoya will be at commercial production in Q3....

Bottom line is their is no margin for saftey in their balance sheet, had they kept the 40million rather than using it to pay off the debt facillity they would have had more than enough funds to weather any hiccup and there would be no need to worry.

The question you have to ask is, if tomorrow they has to shut down their mine, for even a week, for any reason, would you still hold your shares?

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