"And like Connect East will need to do a cap. raising to reduce debt to survive. "
According to the PDS Page 65 rather than pay down debt they intend to increase debt by more than $1 Billion by 2023. WHY? Why would they want to increase debt by about $400 Million every 5 years after the project is 100% complete and presumably making a profit. If the road is actually profitable then we could assume prudent management would pay down debt rather than increase it. Looks like just another example of vulture capitalism where the share holder gets the bullet.
RCY Price at posting:
15.0¢ Sentiment: None Disclosure: Not Held
