The investment in future benefits in the first half surely is not something that can be repeated in the second half
Having replaced old and hired dozers and replacing the 40 tonne trucks with 60 tonners at Stockton, having bought the entire fleet at Rotowaro and having completed addititional overburden removal that effectively brings the cost of overburden removal out to '22 into the current year. Surely there is now little the company can do to bring future costs forward. Ergo there is now almost no reason in my mind left that future cash surpluses can not be directed towards dividends at least to the tune of circa $16 Million.
A factor multiplied by the efficiencies bought by these investments in the future.
Dividends must now be paid: Surely!?
BRL Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
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