The thing is, they were under geared before. There is always an amount of gearing that every profitable company should have. Reducing the dividend recently in place of tiny gearing was silly. Makes you think decent fiscal management is too much for CFO then CEO then board but it is very appropriate to have some gearing. Cash flow from Tropicana is as assured as a gold mine can be. So 3 reasons to hold. Some of market will like this, McP go ahead will be very positive and gold price has big upside.
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