How will they manage debt repayments? Easy - read my previous post. They have enough cash to pay off the difference between the gross debt of $142m and the two main secured deals (Middlemount and Silvergrass) which account for $105m of that debt.
After 30 June the debt should amortise in line with the cash flows from these projects. The $37m gap should be able to be funded from pro forma cash of $65m.
It won't be pretty and if they don't win new work will just muddle along trying to meet debt repayments. Also, I think it will be difficult for them to win new work with such a poor BS. That's why I think they should re-cap or put it up for sale.
But unless they lose Middlemount they should at least be able to service their debt (although not much more than that).
Looks cactus, page-5
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Last
$3.31 |
Change
0.130(4.09%) |
Mkt cap ! $1.506B | |||
| Open | High | Low | Value | Volume |
| $3.18 | $3.32 | $3.17 | $11.69M | 3.569M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6161 | $3.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.32 | 84096 | 8 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| NWH (ASX) Chart |