Federation should take bank balance, dividend payments, share buy backs into the stratosphere.
Whilst Aurelia should be able to deliver the project, it is not certain shareholders will be showered with endowment and wealth.
I would like to see them divest Dargues and say sorry, buy back the share capital back to 700M or so, find another mineralised pod 10km from Federation and become a dividend paying machine that is so successful that every institution wants to invest for yield.
Obviously, by then, Great Cobar would be sheding copper and confirmed to be not only similar to CSA but better. Surely our luck is due for a change.
AMI Price at posting:
26.8¢ Sentiment: Buy Disclosure: Held
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