SMM 20.0% 0.4¢ somerset minerals limited

SP there was very little mention of cash in the quarterly, just...

  1. 1,882 Posts.
    SP there was very little mention of cash in the quarterly, just the $30m raised and the prospect of an accounting loss due to a reclassification of IBR.

    Most of it was good, increased volume (sales of about $70m if maintained annually), better grades. We have seen the Armenian asset look like its going to get the punt for a while so thats no surprise and its never added anything positive to cash flow.

    Still looking for answers only seem to have more questions???

    Im a contrarian by nature so I bought some more, maybe Im just dreaming...time will tell
 
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