1--"It is smart for an explorer to peg back spending a little while sentiment in the sector is low."
then you post
2--Reducing the cash brings the company more in line with its core activities which are exploration and as others have said allows exploration success to be more leveraged into the overall value of the company.
WTF you make it up as you go along and worse you believe it..............................and what exactly does number 2 mean? Why not do a share buy back increasing shareholders wealth than give it away unless of course there is an underlying reason to do so............
https://hotcopper.com.au/threads/an...4470137/page-17?post_id=35967553#.W7NY02gzZ3g
Ann: Proposed Capital Reduction and Return, page-22
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