FMR took all revenue to cover costs with no explanation from Barra, only that the jv was stopped.
3000oz at about 2500 per oz by my estimate $7.5m conviently below the $8m mentioned in the jv agreement.
Something stinks and SH deserve an explanation. I for one expected revenue in the 6 monthly, nothing appeared back then. I posted at the time that the $4m asset, ie aisc of two decline extensions should be shown as an asset but it all just disappeared. Ummm??????
GSR Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held