They are paying over $60 mil a year in interest on the debt. Workout how much FRee cashflow they will need to pay that debt down ! They will need to get their debt/ ebitdaw ratio below 3 before the banks allow a div. try the numbers , no chance in 10 years.
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RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
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