Several errors that need to be corrected. First, they did not borrow to buy the property. The sold shares to investors. That dilution is already factored in
Secondly, management has shown a huge amount of integrity by not taking salaries. Yes, they have been given shares in return. So if the stock goes up, they benefit and so do I. I like that. Show me another group of managers that bring in $500k in cash from an equity sale and then take NOTHING in salary. Oh, and let's throw in that they are behind on their personal mortgages. They have sacrificed all to see mabwe succeed.
Lastly, we are mining barite and limestone right now. We are not in full scale production but we will get there shortly.
I patiently wait and have full confidence in management and their strategic partners
