Hi pickup,AGO is still a growing company with some strategic...

Hi pickup,
AGO is still a growing company with some strategic pieces in place but not all required pieces , so I don't think they will return the cash to SH.
IMHO AGO will hold the cash and use it for a rail access deal with FMG to unlock the horizon II development and to utilise AGO's existing port allocation. This is a critical part of their strategy.
As an alternate they could use it to develop more mines , but that seems pointless without a rail deal.

FT