net present value, page-6

"signifant exchange rate losses otherwise they would have paid more "net" debt off in the previous QTR (i.e more than 5%)".........
Earnings are in US$, costs US$, debt US$....exchange rate is irrelevant unless they start returning money to shareholders in AUS$.....

$30 mil is a fair chunk when the market cap is only about $26mil....PSA look good to pay it off but if the end of the year comes and gas prices have stayed at current prices or fallen and they still have significant debt debt, be very worried...

NPV looks nice but dont think for one minute that it reflects what assets can be sold for in the real world at this point in time.......

"I noticed they have had good periods of rising earnings" ...and did shareholders see a dime????


"Doesn't the fact that their bank extended their credit says something ?"...Yes, that the bank thinks it can cover the debt with a sale of PSA assets, dont think for one minute that shareholders would see one cent of that.....

Yes I have held bought 80c - sold $3....lucky escape...and i still have not seen any value created....
cheers