Nyanzaga capital expenditure of $US474M still to be sunk, plus the CMA ug development at Yaoure, although this should hopefully be funded by existing mine cashflow. Then there's the uncertain amount of capital required to advance Meyas Sand, if/when a FID is made. They still have the undrawn $US300M credit facility which they may use if they want to increase their stake in PDI. They've also commited to a partial share buyback, so it's going to be a fairly capital intensive 12 months. I'm ok with the divi at current levels.
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29 | 199895 | 2.550 |
21 | 167088 | 2.540 |
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Price($) | Vol. | No. |
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