Selective memory Pilatusto quote your first post on this...

Selective memory Pilatus

to quote your first post on this thread


"as at 31/12/2012..
Cash of $125m
Debt of some $160m
unless things improve there is no way they can to continue to pay div"

You are referring to balance sheet items, that is a capital structure issue.

Seems strange that you would then capitalise the word NOT in your reply when that is exactly what you are doing.

Net debt of 35M is extremely low gearing

Gearing will not be a reason to cut the dividend

The dividend will only be affected by price of output, copper, gold, silver and capex decisions.

Not sure why i need to grow up