Free cash flow ~$11m after paying for $29m of CAPEX during the period. Dividend was 27.5% of free cash flow.
Surely this CAPEX is better off at least partially debt funded with interest rates where they are to lower the WACC? What are the BOD doing?
I reckon there must be $140m in the kitty at the end of August based on $124m at end of June plus $8m per month operating cashflow (no capex or debt funded). Sitting there getting 0% interest or close to it.
Instead of a DRIP there should be a share buyback at this level of SP. I can't use the franking credits so a bit biased here anyway.
6 - 12 months to get results on some of the exploration areas?? Gawd...zzzz
UTV
GOR Price at posting:
$1.28 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)