STO 0.75% $8.01 santos limited

STO - BUY IMO, page-9

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    FFS ................

    value = equity + debt

    they have reduced cash by 250m, and reducded debt by the same amt ................

    NIL chg in net debt ..........

    so NIL chg in share price ................................duh!

    what is does mean - is that there are some funds "tied-up" within the financing of PNG_LNG, which, may now be able to be "released" back to the parent ........................

    rgds
    V_H
 
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