SMM somerset minerals limited

I'm not sure what outstanding debts the company have at the...

  1. 5,331 Posts.
    lightbulb Created with Sketch. 49
    I'm not sure what outstanding debts the company have at the moment.

    There seem to be a few people assuming that the assets acquired through the disastrous takeover of Iberian are worthless. They must have some value, although i doubt anything like what they paid for them.

    Cash burn seems to be a major problem - not sure how much of the $30m capital raising was used to retire the bridging loan....there should be a few more answers in the annual report. Might be worth waiting for more news before buying in....don't think i'd sell now if i was a long term holder though.

    The board can't be trusted and should be relocated to Santiago.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
2.5¢
Change
0.000(0.00%)
Mkt cap ! $15.96M
Open High Low Value Volume
2.4¢ 2.5¢ 2.3¢ $57.72K 2.421M

Buyers (Bids)

No. Vol. Price($)
15 2631575 2.3¢
 

Sellers (Offers)

Price($) Vol. No.
2.5¢ 1371331 7
View Market Depth
Last trade - 16.10pm 04/07/2025 (20 minute delay) ?
SMM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.