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To put out a presentation via another source to be shown on YouTube is really a total disregard for shareholders here , particularly as the Co RNS’d it had been postponed .
I can see why ppl have been selling now, I can concur with what Bismark has said earlier
Https://youtu.be/vo_9xMvoSEQ?si=6l9uYTy_KEk7NsuN
Saw the presentation which was postponed but heard nothing more via a RNS
Good Q&A questions which
I felt were not elaborated on enough
This is what I took from it
No dividends or buybacks anytime soon
Focus is on repaying debt that will take upto 5 years
Current Net cash is being used to pay for coal liabilities
Mutual funds are used as a buffer to manage cash flow and working capital when required
No interest in selling current assets
Would be interested in M&A but then how would they fund it ?
More debt or dilution , but this all unknown as speculative
Good luck to the invested
Something just does not feel right here does it
Goes against the numbers being said here
Distressed seller has been selling for a while now
Which is fine but there is no buyers to take it up it seems
Must the goal thing