RE:so far, 2 postersI think the positives are the fact that the current supply of Tin is constrained and that this company is producing the best quality of the commodity and is looking to expand output by way of further production efficiencies and discovery/exploitation of nearby resources. All commodities are impacted by global demand, especially from China, and it looks like that economy may be slowing. Is that a temporary thing? Time will tell. But if we have inflation in the mix (look at Germany, USA, Canada, etc) then these primary resources will be the thing to own. The jurisdiction is a concern, but this company is partner with the locals in some capacity and I think the nation is happy to have a producing mine working, employing and growing. I think it very likely that a China outfit will make a take over offer for the company given that Tin is pretty important in much of the modern economy...i.e. chips, mother boards, etc. Cash flows good, debt being paid down...not a fan of the number of shares outstanding, would prefer to see a NCIB plan in place to lower the share count. Otherwise, the "heavy lifting" has been done here and now is the time for mangement to extract maximum value out of this project, define and grow the asset base, but also help the local people with stuff like education support, pay the employees decently and become a world class asset known to the world. Heck, this little company has 4% of the global tin production....that is a big deal worth more than $.79 cents, but when you take actual earnings divided by shares outstanding you get a better idea as to why this company share price is where it is. Do your own estimate..how much out of the ground, how much processed and sold, average price net of costs minus funds towards exploration and development and you have an idea of potential earnings and price per share.
H