That is great news. The critical thing is that they are now cashed up and have enough funds to cover them for the next 12-15 months and to progress the sale of Marampa.
The Mayoko Royalty hopefully can generate at least another $50M and with MCC mediation due in October, the company hopefully will be well placed going forward.
Hopefully a dividend will not be too far away.
More importantly there may be some distressed bargains out there and this may offer TS and his team the chance to pick up some quality assets cheap.
Who knows, with the impending change of Governemnt, we may even get settlemnet of the long running ATO dispute.
Mmarampa, Mayoko, MCC and the ATO dispute resolved is the quadrella I would like to see.
That is great news. The critical thing is that they are now...
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