Came across this stock.
First thought was, wow amazing resource, capex from SS is high, but should be able to worked down..
Then i read their report...
24M debt at 12%... to their 44% shareholder..
Considering that's half their market cap, barring a LTR level rate upwards... um, how do the board plan to repay this?
Nevermind the obscene 12% interest rate.. they'd have been better off cap raising even with the dilution it brings..
Is this stock going to be bankrupted by OCP and taken private?
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