RE:How time fliesThis is just the beginning of a company who has within the first 1 and half year paid of the debenture of $50 million and in my estimation will have approx $50 Million Dollars in the bank at year end if there are no capital expenditures. I think I read some where that they were getting additional equipment for the processing of larger stones over 250 Carats. The present equipment can only process up to 250 Carats maximum. This will adjust the closing bank balance.
the company has Zero debt.
the ony negative is 350+ million float of this company.
the only way for this company is only UP.
i am defiantly going for the ride.
good luck to all and a Happy New Year.