the comments in this bell potter report ring true for me
Mickelmore is not trying to make a profit. He is just making sure that he pays the bills as they become due
the comment on debt refinancing is the key
Must be noted that the target price will be revised once this info out
I have a feeling that the debt facility they are talking about is $392m in current interest bearing liabilities which has increased due to the fall in the A$ against the US$.
anybody know anything else about the debt situation and the maturity of loans?
whether some of the long term loans need refinanced anytime soon?
OZL Price at posting:
$5.75 Sentiment: None Disclosure: Held
