Flogging off assets is never a good sign
But with gold at $1450..it could be worse.
Obliviously nobody is buying Ravenswood.
If the Sulphide plant was to produce as stated they would have at least $150 free cash
per year...
That would fund Bibiani in 2 years.
They had $121 million cash last quarter as well.
Why do they need more cash ????
I am happy with current debt level at $340 million..
as I think Mako is worth at least that much
I don't like this announcement at all
Cheers
Ann: Strategic Review of Bibiani Gold Mine, page-4
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