TOO GREAT A RISK
Evraz Highveld Steel and Vanadium produced really rough results but there is really only one thing we need to know − whether the company is a ‘going concern’. In other words, can it pay its debts, some of which are due at the end of this year? Management is upfront about these concerns although it’s confidently stating that all will be well. However, those in management would say that, wouldn’t they? Personally, I would stay far away. Sure, there is the potential for reward, but the risks are significant and real.