RE:RE:RE:RE:RE:RE:RE:$EDV Update ($$$$$)Good call Lazer. After today's announcement, time for those who've been slagging off management over the years to eat their words.
Before today's announcement I was a bit worried that if they go ahead with the Teranga deal, it might push back their ability to pay dividends, due to the debt Teranga brings. Those fears thoroughly allayed in today's results. Besides having already declared a dividend, it looks like they could pay off that debt with a single quarter's production, if they can maintain the cashflow generated in Q3.
Unless the gold price retreats, Q4 cashflow should be even better than Q3, with Boungou coming back into full production and better expected output from Ity.
Holding has been tough, at times, over the last 8 years, but now we're reaping the rewards!