PRU 1.27% $2.33 perseus mining limited

The Sissingue mill is still a strategic asset, so I'd be in...

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    The Sissingue mill is still a strategic asset, so I'd be in favor of keeping it on the books as well. Once the mining at Bagoe ramps up, we should see some additions to mine life. There's also the option to use toll treat other companies ore if there were other operators on the area (?).

    I was encouraged by the Meyas Sand update, we're seeing the first signs of normal operations resuming there. On that basis and the ongoing free cashflow being generated, I've bought back in. Re any special dividend, I'm not fussed either. The potential interest earned on the current cash holdings alone is significant, although I'm definitely for accretive growth at the right price.

    I think Burkina Faso and Mali would be off the table due to the current security situation, and PDI still has a cloud hanging over it re permitting - killer orebody though. Although it would diversify the risk into another jurisdiction which seems somewhat more stable than the aforementioned two.
 
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