Report looks good with hedging in place, debt repaid, clean balance sheet. But market is worried they could burn the available $68m cash.
Why they have re-paid the debt when the interest rate is so low. Are they paying more interest rate, if yes they could have restructure for low rate.
I would have preferred more than $100m cash in hand with $25m debt- a well balanced ratio but now the current scenario could entice takeovers from interested parties.
"No debt lot of cash" slogan.
Ann: Quarterly Activities Report - June 2015 Quarter, page-3
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