Concur with Autosime's comment. To date, they appear to have been taking a clear and cautious approach to assessment of investment options which gives me comfort that when they do make an investment decision that it should be based on the right assessments and risk adjusted IRR outcomes. That ultimately will be far more accretive than a quick capital return.
One thing for sure, with $500m in the bank, they will not be short of investment options as they will have a continual flow of suggestions from all quarters.
Ann: Quarterly Activities Report, page-17
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