DLS drillsearch energy limited

takeover speculation, page-4

  1. 2,794 Posts.
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    DLS probably hasn't helped the situation.

    In the last presentation they listed debt as $104m. When in fact this is 'net debt'.

    I guess the analyst picked up the $104m and added the bonds and RCF to it.

    Still a fairly rookie mistake.

    Amazed that DLS is down to $1.17. Looking forward to a full quarter of increased production.
 
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