Not true, @stakx to say increased debt. It was replacing expensive debt with a cheaper debt facility. A bit of a no-brainer in my view and a positive devt. The CR was not done to pay down debt, but to underwrite future devt and ensure a better deal for any JV on SDV and/or JB. It put GXY in a much stronger financial position, as the EOY accounts in July will show. Not that your post was misdirecting readers.
Add to My Watchlist
What is My Watchlist?