Jazzmox, further to my report on Sumotomo Metals Mining Co (on their huge Losses this FY 16)
From their own documents (website) SMM Oct -Dec 2016.
They lost 79.9 Billion Yen ( 714 million USD ) mainly due to the Seirra Gorda Mine , in Chile .
That is onto of the previous year loss of 68.9 Billion yen ( 700 million USD )
Total losses till March 2017 , Circa. 150 Billion yen ( 1.33 Billion USD )
Next week they will announce the end of FY 16. Which will be even worse for them , They are cutting costs everywhere , trying to keep management moral etc etc
Watch this space , next year, big SMM SP drop !
AVQ Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held