in the scheme of things it would be a risk, going into the downtown/higher interest rates at the moment having a cash buffer is great in case they need more for drilling/etc.
they also got all this cash issueing at around 40c if I remember correctly so in the scheme it would be selling at 40c and buying at 90c.
The company realistically doesn’t care too much about SP, obviously if it’s crashing or crazy inflated yes, but their job isn’t to make sure the ma and pa investors are happy with the SP being 10% higher than before, it’s to run the company so that we make bank when producing.
Ann: Significant Increase to Finniss Resources and Reserves, page-56
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