Paying divvies from debt isn't a good look, neither is...

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yttocs

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09/09/21

10:26

Post #: 55941193
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Originally posted by VillaBoy: ↑

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

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Paying divvies from debt isn't a good look, neither is paying out 2/5ths of FA while they are raking it Inez

GOR Price at posting: $1.26 Sentiment: None Disclosure: Held
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Last $3.20		Change 0.010(0.31%)		Mkt cap ! $3.476B

Open	High	Low	Value	Volume
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1	22557	3.180
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4	10643	3.160
2	5952	3.150

Price($)	Vol.	No.
3.220	13990	4
3.230	79848	3
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