BRV 0.00% 35.8¢ big river gold ltd

"Further on I hope they won't burn Posse's earnings in their...

  1. 2,465 Posts.
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    "Further on I hope they won't burn Posse's earnings in their Borborema project."

    The beauty of cash flow from Posse means that Crusader will be able to use this for working capital/Posse Stage 2 and not call on shareholders for funds. It also underpins the ability to raise debt funding for the Borborema project.

    So this self-sufficiency will mean their will be no need for dilutive fund raising.

    Although shareholders may hope for a dividend from Posse cash flow in the medium term once the 1mtpa Stage 2 ramp up is consolidated, I would prefer every cent is reinvested into further exploration and other initiatives that foster capital growth.
 
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