Annual report pursuant to Section 13 and 15(d)

AMAK LIQUIDITY AND CAPITAL RESOURCES

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AMAK LIQUIDITY AND CAPITAL RESOURCES
12 Months Ended
Dec. 31, 2019
AMAK  
Schedule of Equity Method Investments [Line Items]  
LIQUIDITY AND CAPITAL RESOURCES
Liquidity and Capital Resources
As shown in the financial statements, we have incurred three consecutive years of net losses however, the Company has operating income and generated cash from operations for the last two years. In addition, we have updated our mineral reserve estimates and extended the life of the mine. We believe that our continued operations and the additional debt financing discussed in Note 10 will provide us the necessary liquidity and capital resources.