OTCPK:VGIPF - Post by User
Post by
schmoltzieon Feb 27, 2013 1:01pm
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Post# 21049461
Opinions on quick ratio
Opinions on quick ratio Hello all,
Renegade's current assests vs current liabilities is a bit of a concern for me. I am happy to collect a 10% divi while waiting for a price move, but I want to be sure the bank doesn't come calling while I wait.
Obviously, I like the divi and it looks sustainable with current prices and hedging. According to Renegade, at todays prices the payout ratio for capex/divi's is about 94%.
The high P/E is also a concern, but seems typically for income generating juniors.
Any comments or insights into current debt payments due in 2013/2014, vs cash flow would be appreciated.