been digging through the latest MD&A and TSG's cash position is actually tighter than i thought, burning th…by @thuli_dd on $TSG

been digging through the latest MD&A and TSG's cash position is actually tighter than i thought, burning through working capital while waiting on those infrastructure contracts to kick in. compare that to Reunert or even Optimal and they've got way more cushion. if they don't land something material in next two quarters the story changes, but the order book suggests they're close. holding for now, just nervous about the rand impact on import costs.