market downturn suits cash rich companies, page-2

Hi Dargie I assume you meant "can play hooky with the reuslts". The cash can't be hidden and the JV partners are on a cash cow that looks to continue at least to end of this financial year and likely weel beyond. AWE is getting thrashed which is hurting me atm but good to see PPP and NZO which I also have at least holding up well. Panicky markets are weird, wild beasts as well as the dumbest, I hope those big sellers today miss the boat (particularly on AWE) when these stocks are re-rated.

I'm less surprised PPP didn't return divi but AWE was a surprise to me given they are debtless, with vastly growing wealth and comparatively small outlays - I wouldn't put past them the possibility they're starting a warchest for some corporate action should their current and upcoming exploration fail to deliver.