another round, page-2

Patiently awaiting the half yearlies.....

Patiently awaiting a massive rerating.....

Patiently awaiting some effort - perhaps a presentation on current and future ops.

They have close to zero debt, a great cash stash and bullion hoard. If they do want cash to finance expansion debt is usually considered cheaper than equity as the interest is tax deductible and divies aren't. But the banks would probably want TBR to hedge against the gold price.

I'd like to think they could fund any expansion through current assets and maybe a simple cap raising. But with cash being used to fund the RND rights issue - and no attempt by management to present themselves to the market this doesn't appear to be the preferred option.


I hope they ramp up the

So essentially 3 options should they want more cash to expand - debt, equity or hybrids.