You were right all along, all those posters that attacked you at the time showed themselves to be poor fundamental analysts, and you to be 'A' Grade
To quote a few lines of what you said:
Folks, it looks like we're screwed here. Management needs to be moving on this ASAP. Our existing USD 125 million debt facility falls due in August 2020. I draw your attention to the latest quarterly cashflow statement; "Altura has a senior secured loan note facility fully drawn to the facility limit of US$125 million. The interest rate is 14% p.a. for the first 18 months of the loan and 15% pa thereafter. The facility has been restated to reflect the closing AUD/USD foreign exchange rate at 30 June 2019 of 0.7013", which is shown in the cashflow statement as an amount of A$ 178.24 million.
.... the reality is that there is no floor to our share price .... basic math and analysis shows us that the current situation and looming debt repayment are just not sustainable or achievable.
Prescient!
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4 | 442579 | 0.028 |
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1 | 100000 | 0.026 |
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Price($) | Vol. | No. |
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