it's not just gold we need to wake up from it's slumber , platinum has halved in price last 18 months and now sits at what it costs us to produce , gold is same at these levels although the rns does say improved operating performance from both Barberton Mines and Evander Mines so costs might be a tad lower . nothing much come from that FED meeting , just 9 of the twelve want discount rate to move up too 1% , no word if if they are and rate still at 0.75% , was the meeting just to keep the markets thinking interest rates will go up in dec
At present, the Group’s net debt position is ZAR70m, relative to net debt of ZAR321m reported at 30 June 2015. The Group is able to draw on its revolving credit facility to the extent of ZAR800m, which adequately provides for the payment of the proposed dividend of ZAR210m in December 2015. . it's ok paying it down if you don't just re-lend again to pay the trimmed dividend . 16th sept 2015 .ShareCast News) - Gold miner Pan African Resources posted a decline in annual revenue and earnings and trimmed its dividend . I guess they had to trim it or no debt would of been paid down . so debt will be ZAR280m come end of year down from ZAR321m
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