That's is the current problem. We can't service the debt and interest payments. Kerogen know it.
IF (big if here) Kerogen convert all debt to equity. Say all current loan convert to 3 billions share which take total share issue to 4 billion shares. An annual profit of $20m from OZ drilling would give a dividend 0.5c per share. Given the number of share owned by Kerogen it will take home about $17m in dividend each year. And give shareholders a break from going under. In 4 years Kerogen will get their loan back.
On top a dividend paying stock will drive share price positively into 20c range which will also benefit Kerogen investment by selling off some of their stake and earn a huge thanks from long time holders.
But I guess Kerogen doesn't trust the board being able to run and keep this company in positive cash flow.
That's is the current problem. We can't service the debt and...
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Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.88M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 83333 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 90800 | 1 |
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| Last trade - 16.12pm 03/05/2024 (20 minute delay) ? |
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