Sumitomo and contempt of court, page-98

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 !