Duncan said it was possible that it could be done within a very short time frame, and he's right. Net debt is now $21m, cash/bullion $100m and debt $80m. They could do it by the end of the year but is there really a need? Not when you add context around it: money is cheap, the mine is generating extraordinary cashflow - all despite being below nameplate and processing of lower grades.
Paying a dividend ought to be a priority. And Bell Potter (look out for a new thread) believes that to be exactly the case.
GOLD FEVER, page-8
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Change
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