RE:RE:RE:RE:RE:RE:RE:Questions for todays WebinarThanks for your non DD.....basically you have none - a lot of questions posed there, Jack - basically you provided nothing but questions mixed in with a bit of nonsense. Yes I am familiar with IFRS and CFA - but that doesn't answer any of your questions nor does it reflect any DD.
For example some nonsense you snuck in there: "FCF - free cash flow, if they generated, why there is no divident per share?" If you have read a single thing about the company, you might have heard something about "Phase 2 Expansion"? Oh it's just the MAIN GAME with ATO/Mungu (Phase 1 is just the starter project to help finance Phase 2 expansion - the main circa 150k oz / year with 10-11 year mine life). So clearly, as they've stated multiple times, they are going to be putting some of the FCF towards Phase 2 expansion + a debt component to finance the expansion. Why on earth would there be dividend payout to shareholders at this stage in the game? They just became a producer 4 quarters ago and are financing their major expansion this/next year. Wow - you really are showing you are clueless about this...I hope you don't just invest money based on non-knowledge, or following people like Ogogopogo on a BB.
Just because Ogopogo says they're "lying" doesn't make it true - don't believe everything you read on a BB, son.
JMHO
Chonasis