Yeah, this has ended with so many unanswered open questions. I think it all comes down to the ‘hidden’ costs in Perseus’ scare tactic announcement.
- Government moving to 20% from 16%.
- $18.8M in compo.
- $17.9M potential unpaid taxes.
- $13.5M in new employee shares issued at the last AGM.
All adds up to over $50M and close to 11c per share.
Our board did not deny any of the first three and I guessed the last one.
I rated the SVM divi and upside.
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
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