Don't worry about the inventory levels, worry about expenses and GM%, expenses are paid in the week/month they fall in so close to the actual cash position. GM% are so small that $17m revenue per QRT is just break even. using a PE of 20, they need to generate $120m revenue pa, to justify their current MC.
AU8 Price at posting:
46.0¢ Sentiment: Sell Disclosure: Not Held