Australia's largest stock trading and investment forum Australia's #1 stock forum

ORE

Click for more information

5.11%

$6.13 orocobre limited

Having project debt and Home lone rates is by far an advantage...

First 34 Last

Share
Profile

Follow
wgdt72

1,819 Posts.

29

31/01/19

09:55

Post #: 37275635
Share

Originally posted by niu ↑

Originally posted by wgdt72
Thanks @niu. Definitely messes with my head working this stuff out. Sounds our share is roughly around $70m and also have more than enough cash to cover it. Obviously prefer to pay the debt out of operations which is the plan. Saving the cash for expansion is key and not wasting it away on crappy stuff in the meantime or in support of BAU.
I think the key point is that, apart from the fact that the SDJ partners could inject equity and pay down the debt in a heartbeat, SDJ is trucking along nicely and breezing through the debt. Final payment on stage 1 debt in 2024 - not far away, and it is an asset that will produce for many years to come.

Expand

Having project debt and Home lone rates is by far an advantage we are privileged with for sure.
Especially by putting it to use making money well beyond the interest rate.

ORE Price at posting: $3.20 Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ENV

Anteris Tech eyes US market liquidity with early-stage NASDAQ IPO paperwork

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 12 more messages in this thread...

First 34 Last

Add ORE (ASX) to my watchlist

SPONSORED BY