As per my expectation, the update was announced on last Friday and good outcome.
1. Regarding the Financial Assurance, this is an old issue related to next phase of long-term mining in the other area. This is not new things but it has been known since 2017. This issue will not affect the current silver production in the area where the company has placed for the security deposit (bond) of $3.9 million, Financial Assurance to the Department of Environment and Science.
2. The tax issue is more likely to be resolved between AAT and AusIndustry.
3. The company will lodge the claim for around $8 million R&D refund based on new ruling in regard to broader definition of R&D. This is a great news.
4. Alexander Jason Elks will remain as Chairman of the company. This is really awesome and show his full commitment to the firm. Thanks to Jason for his loyalty to the company.
Shine Silver Shine upon shareholders. and Let us fight for justice for the sake of better society and government services in the long-run.
