No doubt it is a great return on something that at the moment...

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??????