No doubt it is a great return on something that at the moment they cannot do anything with. But in terms of cash flow, it will be a number of years before Syama is cash flow positive anyway. Add to that an upgrade at GP, and suddenly all the cash has dried up again. I guess by funding it this way the positive returns will be quicker, but I just don’t think people understand how risky this project is. I am not sure what they intend to do with the hedging position regarding Syama, but hopefully it works better than what they currently have!!!
I am not a holder of any shares in this co. but I would think they is not much chance of any divvies happening unfortunately for yourself. The biggest risk here I see is that VUL was propping up there SP a hell of a lot, so what is going to happen once they do not have the magical ‘U’ as a future prospect??????
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Open | High | Low | Value | Volume |
64.0¢ | 64.5¢ | 63.0¢ | $841.3K | 1.322M |
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32 | 240019 | 63.5¢ |
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Price($) | Vol. | No. |
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25 | 618425 | 0.625 |
14 | 321160 | 0.620 |
9 | 246695 | 0.615 |
7 | 904983 | 0.610 |
Price($) | Vol. | No. |
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0.640 | 379834 | 23 |
0.645 | 858716 | 24 |
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