The split of $80mil for shareholders and $54mil to be retained by the company is putting a lot of trust in management. As a shareholder I was happy to invest in Finland and Roseby and indeed further exploration in Roseby to increase the commercial viability of the project.
However we have funds in surplus to the exploration needs of Roseby. Management need to articulate their strategy for these funds beyond "trust me with the money".
AOH Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held