2024 is still a while away and 300 mil should not be too much, considering if things go according to plan should be generating 20-50 mil in cash flow/quarter, although RRl hasn't done that in a long time. Refinancing all or part should not be that big of a deal and still have 160 mil-ish cash on hand (for now at least). Doubt would need a cap raise, if it did would need to offer something pretty good to share holders as last one was only 20% supported. I get your point though and debt could be a reason for the shorting. Inflation squeezing margins and breakout in USD could be others. Risks around the debt may be why rrl more shorted than most.
RRL Price at posting:
$1.87 Sentiment: Hold Disclosure: Not Held
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