Phoenix Associates Land Syndicate (fka PBLSQ)

[LowFloatGoat]

Thanks Ren, much appreciated. I'm not overly concerned about the working capital deficit. I think that with the pit(s) ramping up we should see large growth in cash inflows.

I would venture a guess that PBLS has stronger financials than 99% of pink sheet stocks. Once we get the share count the share price should start to reflect that.

The one question mark is, as you pointed out, current liabilities. I'm wondering if maybe the new pit equipment and other investment was financed with borrowing that has a maturity of less than 12 months? If so, that might indicate that mgmt is expecting large cash inflows in the next 12 months.