1MC 20.0% 0.3¢ morella corporation limited

Hi Gwaihir, The biggest worry for me is the Debt , as far as I...

  1. 440 Posts.
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    Hi Gwaihir, The biggest worry for me is the Debt , as far as I can work out at least $110m is due about August next year, not sure about the other $63m. There is no chance of AJM earning enough to make either payment in full by that date. I'm sure they will be able to service the payments. But the big question for AJM's future is can they get alternate funding or extend the maturity date. This should be a question in all investors minds and is possibly something the directors should put to rest if they know other funding would be available. If alternate funding is available it would make AJM,s share price more attractive by guaranteeing its future. At the moment ????
 
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