I'm fairly confident that we wont be raising capital to fund any shortfall for re-opening Gubong, unless we are multiples from here.
The cash return to shareholders from Cannon was flagged for some time before it was announced, and was a reward for generating profit. It was like 10% of profit generated, and cost the company about $1M. nothing at all.
A debt facility, finance, or pre sold gold. I would take either. a current $13M MC company staring down the barrel of how to finance 50% of a potential monster mine? A great predicament to be in..
Give the company credit for where it is, and how it has got here. The market hasn't valued us correctly yet, but I get the feeling it will, sometime in CY 2018.
SAU Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held