SMM 25.0% 0.5¢ somerset minerals limited

half yearly

  1. 2,320 Posts.
    Half yearly report out.

    Quick scan - we already knew the negatives. A few positives though:

    - $15 mill cash in the bank
    - cash drain at Armenia stopped
    - Low grade ore finsihed and into the higher grades
    - Copper prices looking positive.

    And the SP has already been absolutely smashed - so surely we can only go up from here :-)

    Doesn't look like folding IMO.
 
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