hey hammers if you were worried about a company that was going to be levered why did you buy in the first place?
To me the leverage is part of the attraction because the 'massive' debt comes at a low interest rate and with the confidence of the ECAs and is being used to acquire a high revenue, high margin and stable cashflow asset.
2 years really isn't a long time in the scheme of things (think mine development, drug development, even turnaround plays, etc)
Also this wasn't dilution to fund opex or short-term cashflow this was dilution to fund an asset - big difference.
Regardless of what the sellers do on a day to day basis I feel this is a strong buy a these levels, I can't say that short term it wont be cheaper but mid term I think this price is a steal
NWT Price at posting:
42.0¢ Sentiment: LT Buy Disclosure: Held
