Wooohooo
Fantastic decision.
Net debt drops to USD280m (around AUD$370m). And they save on their interest payments. Financial risk is reduced.
Not sure what their cash balance will be when transaction is completed, but I expect somewhere around AUD80m.
No wonder the share price was recovering ahead of this announcement.
loki (hangonfortheridecauseitstheone)
Ann: St Barbara buys back US$46 million of Senior Secured Note, page-2
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Last
35.0¢ |
Change
-0.005(1.41%) |
Mkt cap ! $286.4M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 37.0¢ | 34.0¢ | $2.232M | 6.325M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 176558 | 35.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 671383 | 8 |
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