2019 Onwards, page-2

I would prefer that they fully invest in reducing the debt, and further raise capital from the public to reduce. Guess what? For every dollar of debt they can pay down, they're earning way more in terms of additional ownership, as well as less interest payable. their forecast net cashflow this year will be about 25m. imagine if we raise capital and pay off the debt, we are going to 1) Save interest expenses which sum up to about 6m 2) gain additional 11% - 8.57% worth of return FREE.

I would further suggest the management to raise capital to increase their share in Ramu because for every dollar extra ownership, they're getting 30%-40% ish return. say investor's cost of capital or required return is 6%. The overall benefit for the company is still way above 25%.