Nothing is wrong with 38m AUD operational cash flow and with 68m net cash in early July plus July production that will be see cash sitting somewhere in the 78 m Aud cash level now . Add another 20m for Aug and sept production and they wont be far from 100m by the time the physically pay the next divi I mistakenly took off the proposed July debt repayment off the net cash figure , but the net cash figure already accounts for this so a 3 c is very viable in August and 2.5c should be the minimum . Development drilling not scheduled until 2024 CY so it’s all just cash accumulation On an EV to cask flow basis trading at under 1.6 anothetr way of saying that is at HZN’s current Sp , it could be fully cashed back in 20 months
HZN Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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