I think the drop in SP is because the $100million capex will likely mean a delay in paying dividends. I also think the arrangement with CYL will mean some capex that may further reduce implementing a dividend policy.
Both these recent arrangements are fantastic for the company in the medium to long term. Some insto's with variable investment criteria may not invest without divvies in place though.
What I think would rocket the SP now is an additional announcement that a dividend will be paid. Then everyone wins. Co. is debt free and has very attractive margins so if AU can stay strong, then I think this is possible if not necessarily likely.
Ann: Gwalia Extension Project approved, page-4
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