Wooohooo
Fantastic decision.
Net debt drops to USD280m (around AUD$370m). And they save on their interest payments. Financial risk is reduced.
Not sure what their cash balance will be when transaction is completed, but I expect somewhere around AUD80m.
No wonder the share price was recovering ahead of this announcement.
loki (hangonfortheridecauseitstheone)
Ann: St Barbara buys back US$46 million of Senior Secured Note, page-2
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Last
46.0¢ |
Change
0.015(3.37%) |
Mkt cap ! $376.4M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 46.0¢ | 44.0¢ | $1.227M | 2.713M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 55000 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 103016 | 6 |
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| SBM (ASX) Chart |