Ann: 31 December 2016 Annual Financial Statements, page-3

The report 2016 was to be expected as such.
Nothing alarming. Of course we are not out of the woods yet.

I was always refering 2017 to be the turn around or beginning of turn for SUM and FWD looking there are reasons to be optimistic after so many many years.

IMHO and Nothing worth,

They know the ground well and the potential. But certain new flow should only released at the appropriate time and when confimed. SP is at rock bottom and the Ascent is no easy feat.

Just some extracts in the report, The coy anticipates exploration success is likely... add significant values ....without major new capital expenditure.

With increased production level and.... significant improvement in financial performance in 2017,

Looking to extension mine life and using higher grades ore ....

The major equity to raise US $12.5 mil will be under written by major shareholders... Not a small sum.
Am speculate some third parties may come in.

There are so many positives than negatives if U dig further compared to past reports. Of course the risk is there as in all investment.

I am looking closely for other catalysts for example ,Troop movement in sister coys, POG etc

Of course my decision to add more progressing has not changed. Will share more with SUmters in due course.

Happy Investing.