RE:RE:New RBLDAGUY wrote: I agree. Unless there is a reason you need the extra money why borrow the extra, unless they are using it to finance the drilling in Nigeria? Otherwise it is a waste of money with high interest payments.
For new money peasant empire builders living large on SH capital while returning nothing to SH cash is king in high interest environment only when banks extend and pretend is not rampant lime it is now.
If the govts and banks would stop intervening with hard core communist fical policy re borrower performance cash ki gs would have plenty of loser co debt crushed targets to biy cheap.
As we enter a western version of Soviet business model the only thing left to domis distribute 90% of profits to SH.
They do need to save every penny for Namibia, that will lose 80% of its vakue as Euros switch back to cheap RU gas in a few years when they are on their knees in poverty and accelerating decline.