Shorters... Good luck!, page-713

Forget dividends even though insto's would love it.
When the Posco deal cash comes in we will have $500m AUD in the bank and our bank balance increasing by $12M AUD every 3 weeks.
That means nearly 50% of our MC will be cash, valuing the rest of our assets at $600m AUD!
Laughable for the reasons below.

We have Mt. Caitlin worth $2b and bringing in $160m AUD profit!! every year for the foreseeable future.
SDV needs $430m spent on it in the next 18-24months. Easy between cash flow and money in the bank.
That will then bring in approx $200m USD every 12 months.
THEN we have James Bay.
Value? Double Mt. Caitlin and double the income.

So what am I getting at?
Once we have Posco money in the bank, it would only cost someone $600m AUD at today's SP to take us out
[except I would want well north of $10 for my small holding].
Remember from the AGM Anthony said SDV offtake agreement will be announced by end of September!
Posco is having Board meeting Sept. 2!
I believe once the Posco deal is finalised there will be some interesting action.
Just my thoughts!
DYOR and stay long!