This stock has struggled for years but you are looking firmly in rear-view mirror. They sold coal assets for A$30m cash, half of which has been banked - debt is not huge, its A$85m with 4 years to pay it off and another A15m of coal cash to come. As long as A$gold maintains strength above A$1200 for another 2-3 years this is a great turnaround story. The main battle is ensuring they keep costs consistently below A$1000 for a couple of years, not just a quarter or two. They have a lot of good ground to explore still and are now generating positive cash flow to reduce the debt.
NGF Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
