IGO 1.93% $5.08 igo limited

Definitely not excellent. 1.55b in US debt based on recent...

  1. 74 Posts.
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    Definitely not excellent. 1.55b in US debt based on recent numbers I've seen is likely to be 140-150m US per year in repayments, that's $100US per tonne of Spod, plus having to repay that debt somewhere down the line. Always think it's a red flag when assets are getting loaded up with debt when they should be able to fund the capital works through free cash flow.

    Hindsight is perfect sight, but I wonder if not paying that debt off during the boom in prices might have been an oversight.

 
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