TH
Thuli N.@thuli_dd·Bullish
been digging through the latest MD&A and man the capex burn is real, they're funding the selebi project almost entirely through dilution and debt at the moment. compare that to impala or northam who at least have operating cashflow to lean on and it's night and day. the thesis works if selebi comes online and pgm prices stay decent but that's a lot of ifs when the rand's under pressure too.