too much cash at bank is a waste as Apple found out and had to send it to Ireland and avoid taxes in EU & US etc. It ended up catching up with them in the end.
Too much cash is BAD! Too much debt is BAD! AGO is neither but the cash they have has to be put to use in either reducing debt/loan interest or reducing the share register. At low share prices the best use of it is SHARE BUYBACKS (also as Apple found out, now hitting record high share prices after investor Carl Icahn led a revolt against them & they finally listened with a consolidation and multiple large buybacks, so now look at it, triple higher market cap).
AGO needs to listen to the investors and Apple/Carl Icahns example.
BUYBACK NOW! at 1.3c wipe out 17% of the share register easy.
Ann: Atlas increases low capex production & defers Corunna Downs, page-40
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