This is the slide that so far has my attention. My understanding of the term is that "Inorganic Growth" suggests M&A are on the table. The next question is who with. Will we chase a number of small fry companies or another MOE? Sweaty hand Luke is sitting at a large table full of ego. Not sure he is as smart as MW to stand aside...nor do I believe many at this table are prepared to do the same.
Speaking to my point above, does that also suggest a slow down in drilling/searching for gold on existing patches? Which would be ORGANIC GROWTH to my limited understanding.
This seems an opportunity at the big league and I can't see an obvious way forward.
As for "efficient shareholder returns reflecting free cash flow generation" ...what is this weasel sentence? Is it a set up that if the SP goes up then he has presented "efficient shareholder returns"?
I am always suspicious of weasel words when someone could have very easily used easy understood Aussie language to make their point(s).
As always, please correct me where I am wrong or otherwise educate me. This is just my take...only half way through the presentation atm.
(20min delay)