SMM 20.0% 0.4¢ somerset minerals limited

let the sellers speak, page-8

  1. 1,882 Posts.
    SP there was very little mention of cash in the quarterly, just the $30m raised and the prospect of an accounting loss due to a reclassification of IBR.

    Most of it was good, increased volume (sales of about $70m if maintained annually), better grades. We have seen the Armenian asset look like its going to get the punt for a while so thats no surprise and its never added anything positive to cash flow.

    Still looking for answers only seem to have more questions???

    Im a contrarian by nature so I bought some more, maybe Im just dreaming...time will tell
 
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