Debt is at fixed rates and not repayable until 2027
In the interim, they have a very profitable & cashflow generating mining services business (most contracts on life of mine) and Onslow which will generate significant profits/cashflow even at these prices before that debt starts to come due.....lithium will be a problem at these prices, but then again, it's a problem for most in the industry
you have to wonder about all the fuss....this is after all a very cyclical business highly dependent on prices outside of its control......it's the price of investing in what is now a big mining company
Debt is at fixed rates and not repayable until 2027In the...
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