The other thing I like about this too is the oversized environmental bond, which I wonder if that means it frees up more capital to help repay the other WHSP loan by mid next year. Additionally the Murrawombie pit will reduce/release $8 million in an environmental bond too, so this should all help within the next 12-15 months to generate some solid OCF for these couple growth projects.
The presentation seemed more positive and I like the focus on maintaining Triton near mill throughput.I liked the relucantcy around Jaguar too; definitely the tone had even changed since the quarterly, where Andre was now talking about potential drilling exploration for gold and selling the asset off? Dare say WHSP (when assessing the enviro bond) have had a look at the current Feasibility Study for restarting this up and hint at (identified) better uses of capital / identified start up as a risk to repaying debts. Theres a reason it was put on C&M under 18 months ago.
AIS Price at posting:
17.5¢ Sentiment: None Disclosure: Held
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(20min delay)