The fact is CAI still has to sort out its cash flow.
A lot depends upon the production numbers for this half year.
If CAI meets stated guidance, then rolling forward more of the hedge and slow paying of the debt (i.e. $2M/month) works for me. That only amounts to a debt restructure.
Sentiment will improve if it's demonstrated CAI will avoid a CR and can grow from here.
Ann: Maiden Reserve at Bulletin to drive step-change, page-15
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