They had 52million in debt according to the latest financial statement; they had so much debt they had to sell out to AGL. Now they have half the revenue and have to pay half of the exploration costs. If it was such a fantastic deal the share price wouldn’t be going south, the market thinks this deal stinks.
SGL
ricegrowers limited
sgl gets 42.5 mill from agl, page-4
Currently unlisted. Proposed listing date: MONDAY, 8 APRIL 2019 11:00AM ##
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