OTCPK:PDPYF - Post by User
Comment by
Squint1on Dec 11, 2016 4:48pm
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Post# 25582907
RE:RE:We just need a shark
RE:RE:We just need a sharkI agree with your comments and would add that it is not just the debt directly .... but the prospect that they issue equity at its current low CF multiple and dilute the upside. If you look at their coporate presentation you can see that the capital spending is paced to keep debt in line and avoid this situation. I think they should be able to slow down development as required to avoid this problem if it becomes necessary.