"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.
SXY Price at posting:
63.5¢ Sentiment: Buy Disclosure: Held