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PUTUP..I am missing something in your contradictory statements:-

1. “Management aren't making a judgment on valuation. “

2. “Expect the company to be more picky as to when it buys back stock this time around."

If being picky doesn’t mean express judgement based on share value what other criterion is picky referring to?

Perhaps I am cynical but it is a bit fishy to me why someone would remove all of their posts . Was there a company connection ?

..without...

That could be one definition of self funding. Another could be that the company funds development with having to raise funds through debt/equity.

Quality posts Chri5p

Thank you Chri5p

Oh .. I respectfully request and genuflect

Spoon fed a lot of fluff and baseless hype..how about some solid facts for a change?

Thought so..only fluff, hype and innuendo

Ok anal give us your calculations...if we carry on current cash burn and take into account recent acquisition cash spend commitment how long can we carry on without a cash injection from a JV or sale before there is a need to raise funds? If you can't answer spare me the DYOR evasion.

Don’t forget all the other assets Levi…imminent buyouts but CB can’t say anything because of NDA’’s

Well if you DYOR you will find all the BB hype over the last year or so about imminent sales has been wrong.

“..as much money as possible..returned to shareholders “

IMO it is quite prudent to retain a large contingency. Ok contracts may be solidified but this is Iraq with security and other factors so there will always be risk. Development can be paused of course but retaining current production is critical

I fail to understand too. If the income from sales plus some retained capital exceeds the ongoing cost to double production then isn’t this by definition self funding ? If it also requires some payment from the CRP but expenditure is paced accordingly isn’t it still self funding? In essence it is self funding if it does not require some debt or dilution?

Irish.. not Iris!

Iris-... if you were referring to me it was a question not an argument. I am genuinely interested if Ana holds the same opinion..I am dubious given CB's comments in the report but I hope he is correct as a more immediate cash injection will be a bigger game changer imo, perhaps not In value but it will provide financial security and funds to accelerate exploration on othe assets..Luansobe deeps and shinganda in particular which could be monstrous.

Ana ..do you still believe the multi party approach and tendering exercise is all a ruse to tease out a sale bid for Luansobe open pit?

Ok I may be a financially illiterate lemming who misunderstood the co accounts. The insults are fine, but would be more helpful I can you explain my misunderstanding of the cash flow at the same time.

That argument could be said against all assets...carry on proving them up to maximise the return..there is always more jam underground. However the business needs to manage it's cash flow and provide a return to shareholders which means some compromise in selling an asset before it's whole value can be realised. There is a message in the RNS that it is difficult to dispose of assets in the current climate - of course some think the delay is solely down to holding back to increase the asset value. My question was how long can we hold back?

..and an increasing cash spend. The fact that CB mentions difficult year and difficult financial conditions for junior miners suggests large Co's are not interested (yet) and it may not be so easy to get Luansobe off the ground so to speak. How long do you think we can. Run this show without a cash injection WWT?