Treasury Cash.....DotheMathGiven the weakness in juniors in recent weeks (rapidly spreading Delta, Middle East instability....looming civil war & USA + Allies Involvement) and deflating market over next year, SPMT is preserving treasury cash for potential rainy days.
As well, it always possible there could be an opportunity under consideration with commodity in-the-ground that could involve utilizing a portion of treasury cash to meet expected work obligations.
Anything is possible for reason of cash preservation.