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Happy to be wrong if you guys do well from this.
I think I will look again when I’m sure block sales have resumed which really means keeping an eye on the airlines resuming flights and quarantine restrictions easing.
The balance sheet looks a little weak, with payables higher than receivables but it’s a very high geared business. If the slab sales are running for all 3 Announced Kosovo projects and they get paid from all 3 each month they may be okay.
You're beginning to sound like Chris unvrkw!!
Put simply the Fox litgation claim is for lost profits, they dont have any profits and have not demonstrated that they can make money, hence there is no loss. Case dismissed (IMHO). " The basis of the claim for damages is the investment made to date in the Malesheva quarry, loss of future revenues associated with the site and future investment plans in Kosovo".
on the investment made to date - their other investments have proven worthless given the need to continually recapitalise the company
on lss of future revenues - ditto
on future investment plans - ditto
Best share 2021, they’ll sell some marble and break even mark my words
Hi eshaitan, sorry to see you go. Appreciated your level-headed posts. I do of course hope your totally wrong!
All the best.
Not me sorry. I’m out again.
But as always will look on with interest and will pop in time to time.
I’m going to have a look at KEFI it’s going to be an interesting few weeks there.
With only 470k in cash how long before they go bust? They need to shift some process marble pretty dam quick to get some more money in.
Holding all the way, looks like everyone else is as no change