Ann: 2015 Full Year Results Presentation, page-17

Agree with most of what is being said. Good results and like a good cash machine at present.

Let's hope the market agrees.

That said, I think the market would have given NST more attention over the next 6 - 12 months if the dividend had of been higher.

Some may disagree, but I think now is the time to lean up the balance sheet and give that idle cash back to shareholders as I suspect the best of the bargain acquisitions will now be behind in this cycle given that over the last 12 months most Australian gold miners will have benefited handsomely from a falling AUD and falling operating costs and as such will be unlikely to sell cheaply.

So if management really want to show they respect shareholders then I think it's time to slow up on the acquisitions, divest the excess cash and focus on operations and maximising margins to drive organic growth.

Otherwise good report.