GURE: scam? I also had my doubts when they reported having spent 39m cash on upgrades. Sounded very inflated to me but Struftpete's 5-day visit and thorough checks on different fronts has convinced me otherwise. Their revenue as reported and audited by BDO is mainly based on: 1) production volumes, and 2) bromine and salt selling prices. Both has now been independently confirmed by 3 government agencies and Struftpete, and ASP prices are public figures that can be checked on websites. The earnings and cash flow can also easily be verified and the last doubt on whether the net cash they reported existed has been removed by Struftpete's detailed verification of the 39m spent on upgrades, well by well, meter by meter transmission ducts and saltfields...
Whether somebody believes those findings is of course another matter, but I do now.
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