SMR stanmore resources limited

Ann: March 2023 Quarterly Activities Report, page-13

  1. 2,487 Posts.
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    Total Net gain of $70mil cant be right unless they only made profit of $25t on the 2.8mil coal sold, mining costs would be over $250t to achieve that result which is highly unlikely... there is no mention of cost blow outs or extra expenditure... So there must be some late shipment payments which will fall in current quarter as they had logistic issues due to weather.
    We already know there is increased stockpile of approx $125mil USD of product at current prices, also forecasted a strong next quarter... Maybe we need to send email for further clarification...
    Overall stock was down according to the general market, so no sell down... So the market has perceived the results as acceptable with no red flags otherwise the insiders would of sold it down...
    Last edited by steven1459: 25/04/23
 
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