report23 May 2019 10:31
Just getting a chance to read through it now.....this is intereseting.
To reflect Bushveld Minerals' maturity into a producing Company, the Board is aligned with a consistent and disciplined approach to capital allocation to manage the funding of several capital expenditure items in the near and medium-term. In order of priority, the Group's capital will be allocated to:
· Maintaining existing operations and ensuring maintenance of stable and efficient production across all our operations;
· Supporting a strong balance sheet that is resilient through the vanadium price cycle;
· Investing in the Group's growth projects, either through organic growth or brownfield acquisitions, to achieve 10,000 mtVp.a. production nameplate capacity and downstream integration in the medium term; and
· Return cash to shareholders.
Are we on the look out for MORE BROWNFIELD acquisitions?? Or does this relate to Vanchem?