Also important to note that it only made that profit thru the sale of the Asmara project to Sunridge. Also important to note that it has a $6mil capital gains tax liability on the above sale to the Eritrean govt that is payable shortly. It has to raise money again this year so AVM must decide very very soon whether it: 1) Takes over SBS - probably likely.It can't increase its stake further without making a T/O. 2) Sells out of SBS - probably unlikely. 3) Lends money to SBS for exploration,etc - very unlikely. 4) Lets SBS sell its Sunridge shares to finance its operations - a possibility.
SBS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held