but seriously dude - hows 200m net debt high???
really??? $1.6bn book (thats never mkt to mkt) and $300M net debt AUD ($200m USD)
so 16% debt is high (300/1900 EV)??? ff_s....really?? 16%. What did we have previously - big FAT 0%. why did we borrow - to expand AND DROP OUR UNIT COSTS and GO UNDERGROUND - all SOUND FINANCIAL DECISIONS.....
peeps get investment mortgages of 90%++. start up wannabees need $billions$$$ in capex - look at some of the magnetite IO mine start up costs - lithium....nickel.....wow
Here we are, producing $4bn AUD revenue a year, yet ~$300m AUD net debt is deemed catastrophic?
mate - take a chill - go look at the vast array on the asx casino and find me producing miners without 20-70% if not more in debt.....
should they panic??
what about them??
or our "peers" 29m
part of which is about $100m in insurance recoveries ($50m recent) which they'll burn through very very quickly!!! (yet are UP today on "rumours" of chinese hunting for copper - not even theirs! its underwater!!)
SYR is BLEEDING $$$$ AND HAS DEBT UP TO ITS EYE BALLS
THIS IS AFTER AUSSUPER CONVERTED MULTIPLE DEBT/EQUITY HYBRIDS TO SAVE THEIR BACON.....MANY MORE TO GO, DILUTING HOLDERS INCLUDING THEMSELVES MASSIVELY
AND YET....16% IS HIGH??? AND DEEMED UNMANAGEABLE....
(20min delay)