Cashflow
With the increased levels of copper production, cashlows are expected to increase considerably allowing the company to:
*continue to meet repayment plans
*significantly reduce amounts owing to creditors
*repay deferred salaries
*repay the copper prepay facility
*BUILD UP CASH BALANCES by the end of the year.
Its clear HGO are considering returning cash to shareholders via dividends to utilise the franking credits and they need to build up the cash balance to be able to do this.
Cashflow With the increased levels of copper production,...
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