RE: Was to be expected.27 Apr 2023 14:46
Lupidog, I'm sure you remember the days when BoD confidence was sky high. This RNS excerpt from Oct 2018 made me chuckle (in an ironic way!). Oh, how the mighty have fallen.....
Commenting, John Peters, Managing Director of Strategic Minerals, said:
"The management of sales at Cobre has continued to provide the Company with significant after taxcash which it has reinvested into progressing the Company's three other projects. This reflects the Board's desire to organically grow the Company, as much as possible, while progressing projects to points where markets can begin to fully appreciate their potential value.
"With production expected to be re-started at Leigh Creek Copper Mine next year and work expectedto commence on a Pre-Feasibility Study for Redmoor, the Board feels confident that recognition of this underlying value is near-at-hand.
"The Board maintains its expectation for these activities to be fully funded from internal cash flows in 2018 and for there to be a healthy cash balance as at year end."