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This was the debt position since 2018:-
2018 H1 - $21.0m
2018 FY - $30.0m
2019 H1 - $27.8m
You may be correct that the $27.8m is now lower since the interims but we do not know if the IYA borrowings have increased to pay for the 16km gas pipeline.
Brasso- RNS from July confirming that US$3.6 million outstanding balance of the US$4 million high interest debt (12.5% plus 6 months US$ LIBOR per annum) owed to Bank Hipotecario has been paid off. The Company has been paying off debts, and is forecast to be debt free in less than 12 months time.
Shares in circulation- Ugh. Unfortunately there have been way too many shares issued, and that is perhaps[s the biggest thing that has suppressed the SP.
"Debts have been significantly paid down"
Debt is currently $28m so how have you come to that conclusion?
The share price was much higher years ago as there were less shares in circulation.
Rocksolid- Agree that the share price is underperforming. It's crazy but a few years back when PPC wasn't making a profit the SP was much higher. Production has increased, profits have increased, debts have been significantly paid down, and the SP is lower. I'm heavily invested in here and am confident of a decent return one day, so understand why you would want to buy shares here. But, for whatever advice from another poster that you haven't met is worth, my tuppence would be to sit on the sidelines until the next piece of news. If it's good, then you might get in at say 4.5p so although you would have missed the bottom, at least you could be confident that the direction of the SP had changed and is on the way up.
Anyways, you pays your money, you takes your chances.....
Still sat her on the side lines waiting to see where bottom is before investing. The company has got cheaper by the day, thought the company looked good value when the shares were 5p so look with glee each day on the drop in price. Apologies about my comment to those who have already invested here, provided you don't get taken out by some sort of takeover/merge at the current sp you will recover.