"SP up from 25c to 75c in 12 months navigating the treacherous course."
and one could add "and despite doubling the number of shares on issue via CR"
I suppose 9.5% interest rate is reasonable given country risk.
SBM had a USD250m loan (now repaid) at around 8.75%, which I think commenced in 2012.
I just pray that they can finally do more than pay the interest on that loan, like pay it off in the next 5 years.
Looks like I will be holding onto my small parcel of shares (only 52k) I bought in 2015 for 22 cents until they hit the magic $2.00 in 2030 (or thereabouts), assuming I am still on this planet then. I wonder if they will ever pay a dividend? That may happen in 15 years time.
Good luck all.
loki (will sell sooner if the offer is right)
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