"he has done a reasonable job cleaning up the balance sheet over the past few years"
Total free cash flow: $601m
FCF from Cadia: $691m
Take out Cadia, you have a FCF of -$90m. Negative FCF without Cadia! Wake up?
No need to remind that Cadia East started production only "over a few years". In addition, looking at a chart of PoG in AUD in the past 10 years, it has been near the top "over the past few years".
NCM Price at posting:
$19.92 Sentiment: Hold Disclosure: Held