Rambo and Baraka, goodon you for replying/explaining- thumbs up to you both.
Rambo, Xiao agrees with you re debt, fom RM's site:
"from latest half year report:
cash 9 million
balance sheet 20 million debt
dividend to pay 18 million
all debt 68 million
6 million cash flow
always spending on PPE in excess of 10 mil.
im not sure about 22 million from cash flow statement if it is recognized in balance sheet or no ( Proceeds from borrowings 22 mil.)
receivables 49 mil."
starting to go long at $3.65, page-27
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