Q1 ResultsLook quite decent - and EDV looks incredibly cheap against a quarterly operating cashflow of $1.28/share.
Teranga debt taken on (and repaid) was higher than I expected at $443m+$50m to settle a Teranaga offtake agreement. I hope that latter figure is a full and final settlement and not any sort of ongoing cost! [should deduct $27m of cash also acquired with Teranga]. Don't understand how the $332m Teranaga net debt figure, also quoted in the results release, arises given the foregoing figures.
I will also be asking management why they're keeping a cash pile of $868m whilst having $700m drawn on the corporate loan facility.