The return of capital with this new deal of $135 Million after tax will be 37.92 cts per share.
Using the fully diluted capital being 356 Million shares.
That certainly would put an end to the nagging for a few weeks ( or should I say days) lol
I have been invested before in companies who had large cash holdings but must admit, that this did very little to the shareprice at the end.
My previous experience is, that a hands on management, that comes up with good drilling results and prove-up a economical resource, will add much more value.
So imho, its a good thing that we, shareholders get these extra funds returned. There will still be plenty of extra Cash coming in from the WD and Royalties to fund ongoing projects imho.
good luck
jojo
EXS Price at posting:
65.0¢ Sentiment: LT Buy Disclosure: Held