RE:RE:RE:Dividend anybody ?Did no one spot this bit in the announcement?: "Following a strong performance in Q4-2020, this first dividend payment coincides with Endeavour having achieved its strategic goal of reaching a net cash position by year-end." Given that net debt at the end of Q3 was US$175m, that means at least $175m of real positive cashflow in Q4 alone. Net debt after the Teranaga merger will therefore be < $100m, allowing for the $200m La Mancha cash injection and the $60 dividend payout (but before Q1 cash generation).
Given the rate of cash generation (increased further by the TGZ merger), I expect that the $250m net cash target should be hit around the middle of this year. :0) Obviously that assumes that the gold price stays somewhere around current levels.