MOD 0.00% 43.5¢ mod resources limited

Interesting article updating Sandfire's...

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    Interesting article updating Sandfire's progress.....http://www.miningweekly.com/article/copper-price-hits-sandfire-2019-02-19

    Quotes:         “This combination of factors allowed us to continue to grow our cash holdings, which moved to A$179-million at the end of December, with ongoing significant investment during the period in our growth pipeline.”

    "The cash position at the end of the six-month period was after Sandfire spent A$72-million to take full ownership of the Springfield project, as well as after A$51-million in income tax payments, A$30-million in dividend payments to shareholders, and further investment in exploration and development work.“With a debt-free balance sheet, we remain in an unparalleled position to continue to harvest cash while at the same time investing in the future growth of our business through exploration, new project development and potentially taking advantage of merger and acquisition opportunities where these make sense, and are value-accretive for our shareholders.”

    Regards to all.
 
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