Questions of the week – Santos, South32 and lithium

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Question: I see your comment about "S32 simply having too much cash" and wonder if you think that means that they will return some to shareholders or make a purchase? We are well in profit on our S32 holding and I've been seeing a lot of commentary about them being overvalued. We are well down on our Santos holding -- but there prospects going forward look good. I was thinking I would sell all our S32 holding and put some more into STO to average our price down, but now I am not sure. Can you give me your opinion please? They are both in our SMSF which is primarily in pension mode.

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