I was one of those given the history. I didn't think they would given Ross's history of not going to the market and economising (especially on Sydney office space). I believe the Board found the delay in opening excruciating and this could have made the difference given the effect on cash flow, or maybe not as HFguy suggests. As it has turned out the CR had the benefit of reenforcing the company against an opportunistic takeover. It would be a disaster for most shareholders if this turned out to be another Cudeco and a company with great prospects is taken to China because of incompetent regulation. The extra money will come in handy, be it for plant refurbishment, underground mining, extra exploration, or a buy back. As Hotcongo said, now would be a great time for a great announcement Jamie!
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3 | 29032 | 1.335 |
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Price($) | Vol. | No. |
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1.360 | 1552 | 1 |
1.365 | 1552 | 1 |
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