RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:$EDV Update ($$$$$)marben100 wrote: One slight dampener, now that I've studied the results more carefully: the big reduction in net debt this quarter was aided by a couple of one offs. These are: the cash from Semafo and the $100m from La Mancha exercising anti-dilution rights.
Without those, net debt would only have reduced by $105m, so it would take a few quarters to repay Teranga's debt.
Good to know...thx
Keep in mind that Teranga is becoming a serious cash flow machine in it's own right (now that Massawa is ramping up)...and should be able to handle the repayment of its own debt without requiring EDV's cash flow.
That is likely one of the major reasons behind the decison to continue with the plan of paying a dividend.
That, and the fact that the combined entity should be able to reduce overheads, admin costs, operating costs, etc. and generate higher cah flows through synergies...should they combine.
MM