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Re: SBM - St. Barbara MinesIn the days of tight credit I'm looking at companies that won't need to refinance any time soon. From reading of the SBM balance sheet SBM's debt funding looks like it is almost all through preference shares. Which seems to me to be a good thing, is that analysis correct?Also what happens if they can't pay the interest on the preference shares?
Re: SBM - St. Barbara Mines
In the days of tight credit I'm looking at companies that won't need to refinance any time soon. From reading of the SBM balance sheet SBM's debt funding looks like it is almost all through preference shares. Which seems to me to be a good thing, is that analysis correct?
Also what happens if they can't pay the interest on the preference shares?
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