Debt increase16 Dec 2024 12:03
In their 2025 guidance, they were going to increase debt by 10m to fund drills and mentioned they had no'commitment in place', which implies uncertainty/risk. I know pb tried to play it down subsequently but why put in such a clause when you know every word will be scrutinised, if indeed there was no potential issue. Now the new acquisition will be paid in debt, too.
There was an investor meeting on Tuesday, the new acquisition was announced on Friday. Did they deliberately announce the acquisition after investor meeting to avoid difficult funding questions. I was really positive on this share but have become sceptical and suspicious of everything they do