Post by
Leerykevin on May 24, 2020 6:15pm
Amulsar project first domino ????
How does a few cents profit per share justify this share price? Same with the "dividend".
This is definately not my cup of tea. Expenses will surely go up further with more litigation expense. Amulsar is probably the first of many dominos to fall in the wake of the coronavirus pandemic, IMO. I am staying away from this one. (just my opinons)
Partially offset by: • The Company recognized an impairment charge of $18.9 million related to our royalty interest on the Amulsar project operated by Lydian;
• Both net income and cash flow from operations were reduced by $0.7 million from the cost of acquiring more gold and silver under the Company’s Stream agreements with respect to increased sales;
• Both net income and cash flow from operations were reduced by an increase in general and administrative expenses of $0.6 million due to the increase in general and administrative and corporate development expenses of the Company to acquire and then manage its growing portfolio of assets;
• Net income was reduced by an increase in finance expense of $0.7 million due to an increase in drawn and available amounts under the Company’s Revolving Facility; and
• Net income reduced by an increase in share based compensation of $0.2 million due to an increase in sharebased compensation grants during the year