##""Some commentators are complaining about the high level of debt CMMC is carrying and few sentences later they say Altona can take on debt to develop the mine alone. How much was needed 250mill.?""##
We have to compare apples with apples here. Tomatoes and apples cannot be compared.
As such, I may direct you to two different companies which raised funds to develop their mines. CDU and SFR.
Both companies raised funds in the hundreds of millions of dollars but which is the one which was extremely successful of the two.?
Which one of the two are paying some fully franked dividends to their shareholders while increasing the values of their shares too.??
Now go back and look at Managements of both companies as well.
You cannot get the first bloke down the street to cook a sumptuous meal if he hasn't got the knowledge, nor the expertise/experience, to cook one. You will need a fully qualified and experienced chef to do it.
Horses for courses mate......
I rest my case.
AOH Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
