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Southern Arc Minerals Inc V.SA.H

Alternate Symbol(s):  SARMF

Southern Arc Minerals Inc. is a Canada-based company. The Company is primarily engaged in the project generation and investments in mineral resource companies with a focus on gold and copper-gold. The Company operates through the acquisition and exploration of resource properties and investments segment. The Company has not generated any revenue.


TSXV:SA.H - Post by User

Bullboard Posts
Post by buyb4its2l82on Apr 23, 2014 8:03pm
245 Views
Post# 22484178

West Lombok

West LombokIf JP says they spent $ 25 million then that doesn't mean thell will get that amount. Anything is possible though.

"The company booked a $35 million write-down against the West Lombok project, based on management's assessment of IFRS requirements to impair assets, leading to a net loss of $41.9 million for the year, or 38 cents per share."

Based on what they got for Taliwang I would guess it will be far less then $ 25 million. What ever it is will not have an impact on the share price. Most likely any money will move to EAG. Any money received for WL will be based on fire sale pricing. If the Indonesians are going to buy the property it will be on a pay as you go basis. Sort of like a lease to own situation. Cheers.

Bullboard Posts