RE: Great update, BUT running on fumes28 Dec 2023 08:52
Quick look at this as an outsider -
Company is producing (no mean feat) and looks like figures could rapidly improve
Mcap looks low
Geopolitics seems to give good reasons to want it to succeed
BUT
Seem to have hidden the current liabilities from the RNS, posting a fanciful profit based on unaudited self-judged gain on purchase of new assets.
Margins have reduced, expenses increased significantly actually running at a loss.
Geopolitics can be very stubborn or open to many wide interpretations
As can be the reasons for taking on new projects before another is successful
I guess it all depends on your faith in the mgt to create success from all this.