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Originally posted by jdawg
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I did some research on MCS last night. Their net debt position has improved dramatically. It was 230m for FY14 and even after the guidance changes recently issued, it has fallen by 50m. Debt was 300m+ before the IPO. People are worried about the debt, but they have done an excellent job of getting this down while quickly. And at the same time they are still delivering profits. They are going to produce a profit this year!!! That is more than can be said for most junior miners.
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Where did the. 80 cents per share go?
