Yes I think that I may have been quite conservative on the cash pile. The capital raise presentation indicated $140m after paying off debt, Kiaka acquisition, Taurus. We await the cash flow statement but looking quite good.
Not sure on the dividend just yet - they will want to accumulate the cash to fund Kiaka first you’d think. Would seem counterintuitive to raise and then issue a dividend so soon as well. I’m happy to trust their capital allocation skills at the moment given how exceptionally they built and are now operating their first mine.
Yes I think that I may have been quite conservative on the cash...
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$1.47 |
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