The reports says the management intends to use the cash for various projects and/or acquire other projects/companies should the opportunity presents itself.
I believe the further exploration/development of the copper asset, and/or a good acquisition, will bring much better rewards to our share holders than some unfranked divies.
A win-win deal between CBH and PEM is always good. I hold both CBH and PEM, and I would like a joint venture at broken hill can be setup asap. It will certainly boost both companies's SP.
PEM Price at posting:
55.0¢ Sentiment: LT Buy Disclosure: Held