Hmmm current dept 25m.
interest on that at 6% is 1500 000 or 1.5m per year.
Thats 375000 per quarter
I have estimated the interest rate at 6% but may be wrong,either way we need one and a half million buckerooos per year just to cover interest.aprox
cash in hand $812897
currently we have enough dough to pay half a years interest.
My estimate is ccu will fall from 7 to 6 cents next week then 5 the following.I have noticed over the years if a price falls below the 5 cent a share,the company never recovers.
My maths may be a little out,please fell free to correct,thanks.
PS loving cdu
cheers.
.
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Hmmm current dept 25m.interest on that at 6% is 1500 000 or 1.5m...
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