After the update in the quarterly (Ceased and lowered production), the lack of information from management as well as the sustained drop in the price of Metallurgical Coal, I am rapidly losing confidence in the ability of Management to pull this off. I have ran some numbers and am not expecting that we will receive any dividends from our investment this year. Whilst we have, according to Management, reduced our cash burn significantly from $450k per quarter and have some cash reserves, I am not looking forward to the next Quarterly.
All in my own Opinion.
AVX Price at posting:
0.8¢ Sentiment: None Disclosure: Held
