Debt is now more manageable, my back of envelope calculations, figures from 23/5/18 Presentation) show:
YE 2016 Debt US$735.5Mil at 10% imply Interest $73.5Mil
Mar Qtr Debt US$616Mil at (now) 8% imply Interest $49.3 Mil
(Please note as per presentation no actual payments this year...so cash flow is being used for and may be substantial capital repayments).
That is a massive saving of US$24.2Mil annualized...
The will be increased revenue from volumes as well as pricing...as well as cost cutting...and the turn-around is well and truly underway. This may be the reason someone is accumulating all that is being dumped by the holders...and Ann soon??
I accumulated another 900K at .011
BLY Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held