boondog, you are right now but srk dont need finance to sometime...

boondog, you are right now but srk dont need finance to sometime mid-late in 2010, 2 years is long time.

Over last two years alot in the world has changed.
Over the next two years alot more will change. Sure finance will be hard to get for a while, certainly this year and most likely most of next year but srk do not need it in that time frame.

srk has $70 million cash (almost current market cap) and a number of small projects that require small capital expenditure (perhaps 40 million each) that each have the potential to generate over $50 million in free cashflow over the next few years.

SRK are very very lucky they have 70 million and a few small projects to tide them over for the next two years.
That is what makes them a good investment at these prices. If finance is still hard to come by in 2010 then i will reconsider my position, however to then i am happy knowing the company has lots of cash to get through the credit crisis.

This cash balance may also be increase from a share placement at $2.75 per share to gallagher (due dillengence completed) and cash from the ligigation ($17.5 million payment i beleive i read if strike win).

With market cap at almost at cash balance a sell sign on this any other share with a long term goal is riduculous at this stage.

Companies wanting capital now are those that are in trouble and risk having their dreams delayed significantly, look at axo, fmg and mol for proof.