I'm certainly hoping for a dividend! If you convert all of the extra receivables into cash they generated cash of $57M AUD in the 3 months to June 2022. I'll take 5 cents a share. And don't accept anyone's story that they'd rather put the cash into Toliara - Tim has said many, many times they're not 'cum raising' for Toliara, they've got financing options. So I think we're good to go and I'll take the cash - as Tony Barber used to say "let's go shopping!"
$244M AUD revenue for the half; 2 1/2 years to run at Kwale; exploration/extension options in all directions; mkt cap of 1/2 - 3/4 of annual revenue; $116M AUD of cash in the bank (if you consider the delta in receivables to be the equivalent of cash (which in this case I do).
And they own a project in Toliara with an NPV of around a $1B.
Metronomic!
I'm certainly hoping for a dividend! If you convert all of the...
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Last
27.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $323.9M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.5¢ | 27.0¢ | $458.1K | 1.673M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 48564 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 543873 | 4 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| BSE (ASX) Chart |