Thanks for sharing MV My key concern around GXY plan is the lack of growth in production/ sale from their plant. I would have expected a trend up which I just don't see.
My model suggests EBITDA of $11m in 2014 in the most optimistic scenario.
With interest costs of around $9m per year (again optimistic scenario of raising maximum amount, using $16m to reduce debt and selling non core assets for $30m)
in this quite optimistic view for next year GXY is left with around $2m of free cash flow a year...
GXY Price at posting:
7.8¢ Sentiment: Hold Disclosure: Held