SMM 25.0% 0.3¢ somerset minerals limited

re rating coming , page-2

  1. 57 Posts.
    Jojo,

    In almost exactly the same position as you. Was an IBR holder, then switched into TMR. Was thinking at first I might sell out, but TMR looks pretty good from what I have found about the co.

    Must say though, I don't like the way they keep mentioning in all releases/articles/broker reports etc. - TMR's latest quarteerly positive cashflow of $5M+ which is up 220% on the previous corresponding period etc. - they always leave out that part of this was due to the writing back of the legal committment of $3M+ they made last year - and only $1.8M or so was from the actual mining results.

    Does this bother anyone else?

    Cheers
 
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