There will be no issue with Agrias debt
Agrias cash and cash equivalent 25.955 US$ millions - Cash of PGW 12726 (15.911 NZ $ *0,8 = 12726 US$)
AGRIAS own cash is currently = 13 226 million US$
without any DIvidend from PGW, i believe Agria has no problems with its Debt.
The SVP (David Pascale)of Agria wrote to my questions about the bank loans:
During the next month you have to renew a lot of debt. Is it possible that AGRIA have problems with the banks ?
[ Debt was related to PGG Wrightson investment. There is no issue anticipated with the company's bank syndicate. ]
@Snoopy, you developed a small obsession with Agria going to collapse.
You never talk about the prospects. The world population will reach 9 Billions and AGRIA/PGW
are in the part of the world with a health and permanent growth.
Don'T focus to much on the Power of the dark side.
:)
AGRIA shareprice on the raise
http://finance.yahoo.com/echarts?s=G...urce=undefined;
today investors bought 150.000 shares of Agria, 5 times daily average. Shortly before the Bell 30.000 for 0,95.
1$ is comming soon. If i got a chance tomorrow to add shares for 85 cent i will take the risk.