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Ann: Quarterly Activities Report - June 2022, page-7

  1. 2,671 Posts.
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    I'm certainly hoping for a dividend! If you convert all of the extra receivables into cash they generated cash of $57M AUD in the 3 months to June 2022. I'll take 5 cents a share. And don't accept anyone's story that they'd rather put the cash into Toliara - Tim has said many, many times they're not 'cum raising' for Toliara, they've got financing options. So I think we're good to go and I'll take the cash - as Tony Barber used to say "let's go shopping!"

    $244M AUD revenue for the half; 2 1/2 years to run at Kwale; exploration/extension options in all directions; mkt cap of 1/2 - 3/4 of annual revenue; $116M AUD of cash in the bank (if you consider the delta in receivables to be the equivalent of cash (which in this case I do).

    And they own a project in Toliara with an NPV of around a $1B.

    Metronomic!
 
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