IF they hit oil the share price should go up and cash backing becomes a little more immaterial depending on how much they find.IF they have another duster it won't matter.~ $185 million Au currently, they still had $10 million b4 the sale according to the quarterly - $80 million = $105.31.5 for drilling so ~ $73.5 less wages ect. So IMO cash backing would be ~ $1 excluding drilling.Inc drilling ~$70cI think from memory my post was talking about the end of September, when the cash back.....hopefully......gets over the line.
Ann: Capital Return - Notice of General Meeting, page-35
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