RE:Debt repaymentJust a quick note on debt repayment in the Q2:
$142 M debt reduction compare yo Q1 at $ 90 M At $ 47 M per quarter :
Debt at June 30 $ 266 M/ $ 47 M = 5,6 months
So debt free By Mid december
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These results allowed us to significantly reduce our total debt(3) at June 30, 2022 to $266.9 million, a decrease of $504.0 million (65%) from June 30, 2021 and $142.1 million (35 %) from March 31, 2022." bossu wrote: Debt at December 31 was $ 499 M and at March 31 $ $ 409M for a reduction of $ 90 M
Target debt reduction for 2022 according to Q1t financial report 175 M to $ 195 was announced !
Whit the increase selling price in the Q2 it will be interesting to see the number
allocated to tg the debat reduction but we may see a $ 175 M debt reduction in the Q2 bringing a ''0''debt by the end of the year or sooner.
We may expect a dividend increase by the Q1 2023
So better pay debt and take care of the shareholders later on or 6 months from now.