yeah don't know about 14.
13.20 was a 22% premium to book value (13 about 20pc), that seem pretty high to me atm. Granted POG AUD is nice and high at the moment but if those cashflows were good for balancing debt then they probably would not be looking to offload assets.
a lot of uncertainty premiums for a great range of events seems to be easing in gold price
usd stronger, clear rates lifting signal, bad for unhedged interest costs in usd
GL
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Charles Armstrong, CEO & Managing Director
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