GCL gloucester coal ltd
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Hi,I have done a little research on GCL and I believe that it...

  1. mvp6996
    193 Posts.
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    21/12/08
    15:31
    Post #: 4627587
    Hi,

    I have done a little research on GCL and I believe that it has only $5m in the bank and has a sizeable debt (compared to cash at bank).

    Why didn't they just pay off the debt instead of buying back the shares?

    Thanks
    GCL Price at posting: $2.35 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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