big questions is when is the 2016 audit of SML happening? and how long till we get a tick or a cross regarding a cash distribution to lom. and if a tick how long till that arrives and how much will it be for? lom cash situation is not too flash and the way the sp has been behaving i would not be surprised to see a little cr done at some stage just to prop things up. seems lom is reliant on "gentlemans agreements" regarding distributions from sml and us shareholders have to suck it and she'll be right. meanwhile the sp keeps dropping on the uncertainty. someones getting a win out of the incertainty i'm sure.
imo dyor
SML - USD$28m in sales since May16 but only $14.1m balance?, page-8
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