SL1 0.00% 0.0¢ symbol mining limited

Ann: Symbol Mining First Shipment Underway, page-20

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  1. 494 Posts.
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    Being a relatively small initial shipment hasn't excited the market too much, especially in relation to the current cash position. However it is proof that the operation is capable of producing which is very nice to see.

     

    The key will be getting multiple shipments to port next month to ensure that the entire operation is reliably running to spec. Once this is proved things should be looking up very quickly.

     

     

    The negotiations with Noble are the real kicker today IMO, a prepayment such as that is very desirable to the company as it allows further exploration and defining of targets to take place much sooner as well as addressing the balance sheet ASAP.

     

    Today is a very important milestone for the company, perhaps the market will agree soon enough.

 
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Currently unlisted public company.

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