From the last quarterly:
'From 2019, 100% of Highlands 8.56% share of net cash inflow is to be applied to debt repayment until US$53 million is repaid (2017 and 2018 repayments above not included in this figure), then the debt repayment percentage reduces to 65% with Highlands receiving 35% of its 8.56% share of cash inflow.'
This stopped me buying at 7.5c when I probably should have! However, it still concerns me that HIG will have no cash flowing into the coffers after this year because 100% of revenue will be used to pay down debt. How long this will take I have no idea?
Would appreciate peoples thoughts on this, especially with respect to possible CR sometime down the road (I have a tendency to run when I hear CR mentioned)
Thanks.
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