Most of the free cashflow in FY24 will go towards paying off the A$100mil we owe Zurich and the rest will be needed for working capital after we've finished the plant refurbs - so no chance of buybacks and dividends before FY25 at the earliest. I can't believe so many here are dreaming of these within the next year.
Share price appreciation will come with increasing production, exploration success leading to increasing reserves and resources and a sensible financial structure - it won't come from buybacks and unfranked dividends.
Most of the free cashflow in FY24 will go towards paying off the...
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