SMD 0.00% 1.0¢ syndicated metals limited

Ann: New Strategic Direction For Syndicated, page-6

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  1. 143 Posts.
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    I assume they are going to sell their QLD prospects and move back to WA to look for gold. With only $802K left and very little chance of a capital raising in the near future this maybe their only option. Otherwise they will put it all in mothballs as per their reduced spending plan and wait for a rise in copper prices. I would think CopperChem were the ones to pull out funding of the project, they have already shut down the Mt. Colin open cut mine in Cloncurry. They lost $38.7M in 2014 eranings.

    Here is the Courier mail article
    http://www.miningweekly.com/article/syndicated-set-to-monetise-barbara-project-2015-10-28
 
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