Tharisa has released its consolidated half year financial statements this morning. Overall, the figures are behind our forecasts due to higher-than-expected costs due to inflationary pressures. Nonetheless, the Company has done well to improve their net cash position from $80m to $113m) ahead of their expansion in Zimbabwe as well as proposing an interim dividend of US 3.0 cents/share. This leaves the shares trading on a dividend yield of 6.2% which should attract attention.
