SMY sally malay mining limited

a couple of questions..

  1. extralite
    1,267 Posts.
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    14/07/04
    18:42
    Post #: 515117
    For the SMY experts:

    What was the reason behind Lanfranchi mine that SMY bought being put on care and maintenace by its former owners? On the surface, if it was such a good deal it would seem that the former owners would extract the last 30 000 tonnes, not put it on care and maintenace before it was all finnished. I am sure there was a reason.

    Secondly - only skimmed today's announcement where it talked about bank financing. Is there a likelihood that there will be a capitall raising to pay for the purchase?
    SMY Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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