I know this was not a normal quarter, but even so, this was an amazing result in terms of cash flow! The company now has substantial net cash, putting it in a very healthy financial position. As we’ve often stated, the efforts taken to reduce operational costs means that the current strength of the pearl market should translate into very strong cash flow going forward. With no obvious capital requirements, a generous dividend policy is likely.
Ann: December 2021 Quarterly Update and Appendix 4C, page-2
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