He did say that the legal issue is likely to be resolved in a matter of months rather than years.
He also talked through the rationale of taking on the smaller projects (ie Indo Coal, Paulsens East, stage 1 Cuzco). He said they should provide significant cash flows that will be used to finance the development of the larger Peruvian projects. Makes a lot of sense to me as it sounds like they do not plan on diluting our shareholding too much through massive equity raisings. Finance through debt and use existing project cash flows to service the interest on these debts, and then once the project is in place, use the profits of the larger project to re-pay the debt in full. Once they've done that they start paying out gynormous dividends!! Bring it!!
Sounds very sensible to me
SRK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
