re: Ann: Appendix 4C - quarterly ended 31 Mar...
No one ,understandably,is overexcited with the quarterly. The bad bits: 1) SPL might not be a goer. 2) REE .."economic return uncertain" 3) No clear guidance about BSM royalties. Th not too bad bits: 1) 70% removal of EAFD liability. 2) $3.7m expected within months( Env. Bonds) 2) IRC project a reasonable earner. 3) -ve cash flow of $615ks (taking into account $300ks paid for sacking the Boss)..Could have been only -ve 300ks. 4) Admin expenses will be down in subsequent quarters after "losing" 3 highly paid gang members. 5) Decision about the IGP in a couple of months. 6) Talk about acquisitions & BSM's Hellyer mill is rather interesting. 7) KR holds 5%. .... Not too bleak...With a bit of cash coming soon which will facilitate corporate transactions/acquisition , cost cutting & No nonsense approach to business from an MD with vested interest..The turnaround could be swift.
SDV Price at posting:
1.2¢ Sentiment: Hold Disclosure: Held