YB, impressive. You came up with that yourself? You are not such a youngbuck after all. I had you all wrong....
Firstly, I want to point out before people rush in thinking this will be 2.65p in couple of months, the $30m is not equity. It is a convertible bond and it should be obvious to a bond trader that bonds normally carry a biannual coupon. The company needs to service that and as such, the $13m needs to be reduced. I am guessing coupon will be around 15%.
Secondly, the caveat is IF they increase production (which is what I have been telling you all along), then the SP will be over 1p. 1p is the justified current cap with things staying as they are now.
Now you tell me how long it will take for this to get to 4000bpd?
I feel like we are dancing in roundabouts but in the end, you will end up with my analysis. LMAO.
"Note if the SP falls below .66p before Lind is repaid RRL are in breach of it’s covenants on the Lind loan". - Does that mean that some unscrupulous entity with shares available can potentially short this into oblivion , and take control of Range assets , .66p is not that far away. How many Range shares Lind posses ?
Range are currently way overvalued and that is why the price is dropping, along with wti's fall I doubt range are generating cash now at $76pb They are in a bit of a mess until they start increasing production substantially, as of today there is still no sign of that. A 7% increase per quarter doesn't cut it!!!!
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