BGF ballarat goldfields nl

they should do us all a favour and not issue any new stock at...

  1. jhui
    241 Posts.
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    29/06/04
    15:47
    Post #: 501610
    they should do us all a favour and not issue any new stock at all. Debt is the way to go.

    55m @ 10% pa = $5.5million in interest payments

    1st year production is 100,000oz.

    assuming gold=AUD525, thats a $160/oz margin (last statement said costs of $360/oz)

    so that should be 16milion EBIT, pay off 5.5m in debt. and that still leaves 10.5m for shareholders.

    opinions please.
    BGF Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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