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12/06/15
17:12
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Originally posted by curiouswon
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I do NOT want a capital return.
I want Dargues to be built and want UML to be in a very sound financial position so that UML is not beholden to debt financiers, gold loans, equity raisings or equity partners any more than is minimally needed, as determined by UML!
IMO, finance the Dargues project (with more than enough contingency) and get it built first before giving us any capital.
Only exception is that a clean-up of unmarketable parcels would seem a good use of funds (and would reduce costs).
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I think you'll find the appointment of the new CFO very timely in that regard.
You couldn't get more hints that something is about to unfold at Dargues, and we even have a timeframe.
Capital return is one suggestion, but I agree, myself, I'd only like the small parcels mopped up for reducing expense.
Have to like the new informative nature of this update, good thorough update.