"We have about $125mil in the bank, NOT a $390mil loan to pay back,"
GFM,
Let's be fair. For, SFR has over $100million dollars in the bank as at 3nd of financial year, and they don't have a $390 million dollars to pay back.
They have "A Bank Loan Faciity" of $390million dollars, to which they used approx. $350million dollars of it.
Most importantly they are mining already, hence why they would have been able to raise that Bank Facility.
I have no doubts that CDU is also in a strong position at present, but we should comapre apples with apples to make it a level playing field.
I have sold quite a parcel of SFR today taking some excellent profits off the table, and I have done the same thing with CDU. With CDU I am now at the level that, temporarily, I am comfortable with.
I hold both CDU and SFR.
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