JW mentioned in the presentation back in Feb, primary focus is to kill the debt and possibly bring to zero by end of this year as they are paying 5% or so on that. That's absolutely valid, then think about dividends next year possibly. If they hit the jackpot on ART, wiping off the debt would be instant. We don't know what deals for ART are been negotiated with the big fundies until they are announced to the market.
I really doubt they are going to expose their cards to AFR, about what price they are going to bail out. Speculative news I guess and remember AFR is owned by competitor who always bags SWM.
JW mentioned in the presentation back in Feb, primary focus is...
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18.5¢ |
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Mkt cap ! $284.7M | |||
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