RE: Takeover15 Jun 2018 15:59
DropinMonkey, I'll have to disagree with you there. Dan Betts has repeatedly and explicitly stated they are looking for the best growth proposition, whether it be Dugbe, Cora, or another venture. He also stated that if the ROI wasn't sufficiently attractive, he would not pile money in just for the sake of growth. He has also stated clearly several times that if investment options aren't forthcoming, he will return all cash to shareholders. Clearly, returning all cash and running Yanfolilia to the end isn't his desired outcome, and neither is it mine for that matter. They are clearly in conversations with Liberia regarding Dugbe. Who knows what else is in the pipeline. What we do know is they have delivered a mine on time and on budget. That mine alone is a cash cow, which makes the current market capitalisation look appealing. Personally, I am looking forward to the continued running of Yanfolilia and eagerly anticipate the announcement of a new growth proposition.