AAJ 0.00% 1.7¢ aruma resources limited

Ann: Quarterly Activities Report, page-2

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  1. 671 Posts.
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    Some interesting points:


    "The Company had a cash and term deposits balance at 30 September 2018 of ~$0.7 million. The R&D tax incentive rebate of ~$0.5 million was received in October 2018."


    "Glandore Gold Project - JV continuing with Southern Gold Limited (SAU) to earn 90% in the third year"


    If a company earns 90% in the third year, who gets 100% for the first two years?

 
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