Originally posted by mboose:
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3. Appendix 5B – Estimated cash outflows for next quarter The Company refers to Section 9 of the Appendix 5B for the quarter ended 31 December 2018. The Company advises that a large portion of the $1.0 million in development costs and $1.45 million in production costs partly relating to the first shipment of nickel ore from the San Jorge mine are dependent on there being available funding from the Off-take finance facility that the Company is currently negotiating and revenue from sales of nickel ore in the March 2019 quarter. The precise cash outlays will vary to reflect the funding the company can secure. The Company will release a further announcement with an update in relation to the Kolosori tenement shortly which ends the Suspension of trade of the Company’s securities. * part of the disclosure in note 18 (b) to the Annual Consolidated Financial Statements dated 30 September 2018
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And people thought SBM was dead when the share price plummeted to 7c with every problem under the sun. Now look at the share price, $5.00.
In times of doom and gloom that is the time to buy, i.e. in most circumstances. I have made my tidy fortune that way and am a TOP 20 shareholder in another company besides Axiom and expect to do well over the coming years.
