Its early days here - and this is the kind of share that you buy...

Its early days here - and this is the kind of share that you buy and forget - its a while to maturity here.

A couple of things to consider .

1. Strong cash flows
2. Increasing cashflows
3. Positive cashflow increasing by quarter

Yes, debt is high and somewhat expensive, Yes admin costs are high , its a people business and you need good staff to manage in the back , at the front, and for compliance.

In time it will settle and debt will get paid back , with more turnover and increasing capitalization the debt will be cheaper.

I would imagine corporate strategy is targeting 50 M t/0 by end 2019 we are half way there.( annualized atm )

Its time to buy and hold . Give the hares to your kids as university endowments, barring a spanner in the works , this one is as good as any to give you a return.

I wish I had the smarts to pick the time but I'm not, but sometime in the future 3 - 4 years , there will be a good payout via takeover or capitalgrowth + dividends perhaps then , we would have wished we bought more ............