RE: A shame debt has risen so much here31 Dec 2019 10:46
And, from memory , the debt was used to buyback about 21% of TSG's shares from UFG at 33p each. That seems an excellent use of money to me. The Makes a welcome change to being diluted. The upside is reducing UFG dominance, a detraction to large investors, and for us a sizable increase in the dividend from a reduced share count. Under the radar a bit, with their poor coms&rns skills was a huge interim div increase, and i think people will be very pleasantly suprised going forward, including a special divvy likely announced this month, that will bring more buyers in. Nevermind their lower costs, higher POG, on target to beat production guidance. Then theres the sizable Rodnika field to be developed, makes worries about Asacha LoM not seem too worrisome to me.