Post by
Coolson on Aug 25, 2022 8:56pm
Simple Math CJ
CF 340m Exp 120m FCF 220 FCF per Quater 55m FCF Per day 611,111. If you subtract div 24m we should have 31m. To understand why the debt is not paid yet (12m) we should assume that dividend has to be covered first so: We earned so far 57days x 611,111=34,833,327 After div 34,833,327-24m=10,833,327 in the bank. If they allocate 50% to debt so 5.4m is going to debt and 5.4m to share buyback. That is why they claimed that they shoild achive 50m by the end of 3 q. Let me know what do you think... Cheers..
Comment by
Coolson on Aug 27, 2022 9:25am
According to this formula they should be at 50m debt on Sept 17,2022. If prices hold if go up - even sooner. They should have 12m for debt repayment and 12m for shares buyback and all dividend at 5c should be covered. Cheers.
Comment by
Coolson on Sep 11, 2022 5:09pm
We earned so far 73 days x 611,111=44,611,103 fcf After div 44,611,103-24m=20,611,103 in the bank. If they allocate 50% to debt so 10.3m is going to debt and 10.3m to share buyback. Sept 17 is the day they should announce 50m debt level. No chance for dividend increase and no chance for 50m paydown by the end of the year...
Comment by
JayBanks on Sep 12, 2022 5:59pm
Not a chance at all? Are you sure not even a little chance? Atleast a maybe? Well, the news from the company statement must be wrong because you said it wasn't possible, and your more credible than management because you ran your simple math and concluded we could not get a raise...
Comment by
MohelJFox on Sep 12, 2022 6:12pm
There's been a few buffoons on here saying the same thing. Should we accept this increase, in fear of being labelled "Greedy" ? Or do we simply not give a f@ck and enjoy the moola ? Ha Ha what a good day to be heavy in this name !
Comment by
MohelJFox on Sep 15, 2022 8:56am
Ouch, what size of foot is that ?