my point was more that the originally allocated contingency will be used up. it always is and the lenders will assume it is when they look at cost to complete. the $27m cost increase can be funded out of the $40m cost overrun facility. so there is $13m free cash which is fine if things go perfectly to plan. if things slip though then there's no cash at the SFX level. the way they position the $54m contingency I think is a little cute IMHO and they've neatly played down the cost increase as nothing to see here.
anyway, let's hope they keep kicking goals and the SP is much higher soon enough!
DYOR
Ann: Thunderbird Construction Over 75% Complete, page-25
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31.0¢ |
Change
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Mkt cap ! $122.3M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 31.0¢ | 29.5¢ | $8.506K | 27.85K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1340 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 1564 | 3 |
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