WAF 4.48% $1.71 west african resources limited

Ann: WAF Completes US$25m Early Debt Repayment, page-3

  1. 73 Posts.
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    This may be a stupid question but why can’t they refinance the debt? Now that they’re generating great cash flows wouldn’t the debt be a whole lot less risky than when the debt was taken on? My understanding (especially after reading the quarterly) is that the interest on the debt is pretty extortionate
 
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