Cash Cow Rocket I dont think investors really undestand just what a cash cow Nevsum really is.
For example, in Q2, operating cash flows were $107 million.
Despite paying income tax and dividends, $90 million of this $107 million went directly to the cash position !
Whats even more amazing is that these cash flows are going to double in mid-2013 when the supergene ore begins to be mined!
Its quite conceivable that the cash position at exit this year will rise from the current level of $375 million to well over $500 million or $2.50+ per share.
What will they do with all of this cash ?
A massive special dividend ?
A major producing acquisition ( they are bone cheap right now ) ?
Or seek a buyout so as to maximize value ?
Either way, we win.