"With $100m CAPEX they are planning on spending 1/2 of all the cash reserves and FY15 profit to fund exploration. so if the exploration doesn't pay off. Hummmmm ???"
Revenue was up 24% to $170.9m . So how do you work out they are going to spend half of cash reserves?
Just interested.
Not sure how you run an exploration company without spending money on exploration.
Ann: Full year results presentation, page-14
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