TER 2.33% 22.0¢ terracom limited

Ann: A$38.5M EBITDA achieved at Blair Athol in Jan 2022, page-8

  1. 1,625 Posts.
    lightbulb Created with Sketch. 98
    Wow,
    I'd love to know the cash sweep for January. Could put the bond another $20m lower. Another 2 months and $30m sweep, and a SP of 40-50c ? It might be worth offering $50m script (100m shares) + cash balance to the bond holder in lieu. A little dilution, and huge reduction in interest payments, but would pave the way for early dividends. Once in the divvy space they can look at other investments - in stable countries.
 
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