interesting cross road, page-2

I keep an eye on it have owned it on and off for the last 5 years. Bought it around 35 cents sold in the 60s they watched it capitulate.
I call the MD evey year to see how it is going. THey are still producing well below what they could but the MD feels they need to own a magnesium ingot manufacturer, as magnesium is their main input cost.
ALso they have had limited success with their European sales.
They seem to be making good quality magnesium alloy but there is plenty of competitors in China.
To replace the factory I am guessing would cost over $20M many multiples of current market cap however cashflow for them has allways been an issue due to low sales volume and poor margin.
In current economic environment I am hesitant about reinvesting untill they improve cashflow.