Sally Malay Mining Ltd’s revelations this week that it intends to pay a maiden dividend will no doubt impress shareholders, but it has some market watchers highlighting that the move exposes over-valued projects or companies.
Sally Malay Mining has announced that it will not exercise its pre-emptive right to acquire the outstanding 25 per cent shareholding in the Lanfranchi nickel joint venture, now to be controlled by Canadian company Brilliant Mining Corp.
Junior nickel miner Sally Malay Mining is on the lookout for additional production material to feed its state-of-the-art plant at its namesake mine in the Kimberley.
SALLY Malay Mining has secured commitments backing a $10 million capital raising of 12.5 million shares at 80 cents each.The placement was managed by Argonaut Securities and made to a number of local
SALLY Malay Mining will deliver its first nickel concentrate to the Wyndham port for export next week following the successful commissioning of its $65 million namesake mine in the East Kimberley.
24 Aug 2004
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