Not trying to be sarcastic here but.............. the facts are that we have $350Mil earning bugger all (actually real rates are
negative so we are losing capital).
1. The company is not paying dividends.
2. The company has chosen not to buyback shares (would have been ideal when share price drifted to 1.40 earlier in the year).
3. The exploration budget appears to be weak.
4. There doesn't appear to be any talk or rumour of a merger or takeover.
I was looking to top up but honestly the above put me off. I'm stumped as to managements way forward.
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- Lowest exploration budget, as % of revenues, 3.4%
Lowest exploration budget, as % of revenues, 3.4%, page-2
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