I suppose I’m writing a little tongue in cheek, but I stand by...

I suppose I’m writing a little tongue in cheek, but I stand by my overall point. The company has land for immediate development in Cambodia, and hopefully in Australia in the next year. The free cash will have to be utilised. If gold goes up, so will any acquisition cost in Australia you’d expect.

There are 515 million or so shares on issue. A 2c dividend is $10.3 million. If the company is producing 100,000oz at USD$700 even, that’s $70 million free cash. The directors own plenty of shares, so may be keen to expedite an acquisition to allow for the franking credits (as noted in the past by MH).

I look forward to the AGM, and hopefully confirmation of the production rate and costs guidance. I want drill rigs operating on multiple targets. Let’s find more gold and extend the mine life at Okvau; sort out these prospects that have had a little work done on them in Cambodia; and put the money to good use.

The directors must be laughing everyday at their position thinking how good is this company they’ve created.