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Antofagasta's similar action?...

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1,630 Posts.

10/09/15

19:29

Post #: 15972034
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Originally posted by hindmost ↑

Antofagasta cash flow has been -1B over the last 2 years with 0.8B left http://amigobulls.com/stocks/ANFGY/cash-flow/annual . With Cu still low I suspect they are drastically cutting back on spending. So their pulling out of Punt Hill could be more of a comment on Antofagasta than on Punt Hill. MOX though has little cash, so paid in shares to get Antofagasta off the hook. A desperation deal for Antofagasta?? Could be brilliant for MOX, but they will surely need another partner to continue. Interesting. Happy to watch from the outside for now.

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Antofagasta's similar action?
http://www.businessspectator.com.au/news/2015/9/7/resources-and-energy/glencore-slash-debt-us10bn

MOX Price at posting: 0.9¢ Sentiment: None Disclosure: Held
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