Obviously would like to have seen more cash on asset sale, however cleaning the decks of projects that would be at risk of going in the red if/when POG down trends makes sense(risk mitigation). At same time , reduces ongoing C&M costs, reduces provisional liabilities and positions company to focus on its best cash flow generating options for the future. Rightly, the main objective is debt reduction (sooner the better).
I hope before long they too can look to growth opportunities just like some of the other aggressive goldies .
Ann: Saracen Acquires Kailis and King of the Hills Gold Projects, page-14
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