GUF guildford coal limited

6m subscribers - who paid it?? did they not notice the 5.2c...

  1. 4,343 Posts.
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    6m subscribers - who paid it?? did they not notice the 5.2c share price???

    either way, we now have $27m cash to pay down some debt (or service it at least) and a few more $$$ tranches coming ($7.5m) to get us into cashflow....

    our greatest growth assets gone, but they were valued at ZERO anyway. No choice but to move on , achieve sales and now the DIRECTORS dont have to manage AUZ, GET SLAMMED with a $#@% PAY CUT...

    how does a $400m mine, that will make $15m net per year with alot of upside (the old 3-5MT per annum promise) through eventual ramp up, be valued at a mere $42m? yes, yes, the stupid $100m debt, but nothing in the grand scheme of things, and now that should drop by 25 odd mill...
 
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