SMO smc gold limited

Hi guys,just started lloking at this one. The numbers lok good;...

  1. miniopterus
    70 Posts.
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    21/01/05
    10:39
    Post #: 763417
    Hi guys,

    just started lloking at this one. The numbers lok good; 60,000 Oz by mid year, at at least $200/Oz profit (seem right?) gives 3.5 cents per share profit pa. Seems ok. But why the loss 03/04 with production of 24,500 Oz selling at $544? Cash operating costs of $554! Is this bad management? Or "bad luck" (if there is any difference).

    Anyone who can, please enlighten me.
    SMO Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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