Got in day after LC joined so obviously have a lot of faith in current management and they have served well.
i umderstand previous jitter regardimg a CR. Things have changed since then with recent sale and POG strong. In any case if they were to do one, given the sale and cash flow generation with the strong gold price it would be an extremely small one and likely just to go to Paradice and maybe a couple of other instos.
$20m for the capex, $10m spoken for with the sale. That leaves $10m.
Guidance for 2nd half was 31-35kz at $2100-$2300oz aud. Taking midpoints and a 2900 gold price gives another $23m.
Then theres the debt component
Think theres enough there to not be concerned. I dont think they will do one. Either way David Paradice and HP wouldlikely take it all and any CR would come alongside FID.
Got in day after LC joined so obviously have a lot of faith in...
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