Any guesses on where net debt will be for the 6m report finished 31 Dec? Debt has gone from 28m end of June to 20m end of Sept, last quarter oil prices have been steady in the mid 60's so my guess is we will have net debt around 11m for this report coming up. Possibly even 10mil if they mess around with numbers. It will certainly keep us on track for zero debt by Mid 2020 as per the annual report.
They could pay a 5% divy just off the savings in interest on having low debt, but suspect the debt facility will be restructured on better terms then they will look for a project to buy into, or they will keep the powder dry for PNG. My guess is if we buy anything substantial then they think PNG is further off, if they hold steady and accumulate cash then I would suggest they think PNG will be moving sooner than later.
Either way once our debt is down to nothing the stock should get a bump if they can get another 1 or 2 institutions to buy in and take a stake.
DYOR
HZN Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)