Interesting article updating Sandfire's progress.....http://www.miningweekly.com/article/copper-price-hits-sandfire-2019-02-19
Quotes: “This combination of factors allowed us to continue to grow our cash holdings, which moved to A$179-million at the end of December, with ongoing significant investment during the period in our growth pipeline.”
"The cash position at the end of the six-month period was after Sandfire spent A$72-million to take full ownership of the Springfield project, as well as after A$51-million in income tax payments, A$30-million in dividend payments to shareholders, and further investment in exploration and development work.“With a debt-free balance sheet, we remain in an unparalleled position to continue to harvest cash while at the same time investing in the future growth of our business through exploration, new project development and potentially taking advantage of merger and acquisition opportunities where these make sense, and are value-accretive for our shareholders.”
Regards to all.
- Forums
- ASX - By Stock
- MOD
- Sandfire
Sandfire, page-37
-
- There are more pages in this discussion • 54 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MOD (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online