April 21 MD&A So today the most current MD&A was published on Seder. Covers the year end 2019. Couple of interesting notes, they open the year with $2 million in cash and equivalents....and state they have ongoing conversations on their JV with Semafo on how they both can benefit from their recent acquisition. Here it is:
The Company holds a 20% interest in the Karankasso Project JV (0.7Moz Au inferred mineral resources2
) which
is operated by Semafo Inc (“Semafo”). On March 23, 2020, Endeavour Mining Corporation (“Endeavour”)
announced that they had entered into a definitive agreement to acquire Semafo and that the transaction is
anticipated to close in the quarter ending June 30, 2020. Sarama and Endeavour have been proactive in
discussions with respect to the management of the Karankasso Project JV and opportunities to create further
value for both companies.
CORPORATE
Treasury
As at December 31, 2019, the Company had cash and cash equivalents of $2,227,604 and no debt.