S&J RoyaltyOn the Simmers website
Simmers website you find a discussion of last quarters results which must be published recently (last week?):
Managements discussion of results
In general the results are poor. They averaged a loss.
If you think CSM's production costs were high, read this. Shocking sometimes.
Anyways, advocates of a change of the royalty to shares should reconsider imo.
Concerning the royalty (1% of NAV) this quarter saw - evidently - a huge drop in value and this makes me doubt the valuation used for our NAV.
There was good news however, First Uranium started pouring gold - on which we have a royalty, not on the uranium part - on schedule. They are behind on Uraniumproduction which doesn't concern us.
The trouble I have with this company - I must say I didnt read through the entire release yet - is that they talk really ambitious but do not seem to take into account that they are not profitable.
Anybody knows more or can put some positive light on this company?
Regards.