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Ann: Gulf on Track for First DSO Sales, page-35

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Trust-in-Bilson

148 Posts.

12

21/05/19

11:10

Post #: 38665567
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Originally posted by robworld ↑

For the benefit of all interested parties on this thread I thought that a review of how the DSO formula works might actually be helpful. The tonnage that the company is currently allowed to export is based on the % of works completed vs the eventual capacity of all smelters under construction. That means that as the smelters are ramped up the actual tonnage figure increases at the same speed.It also means that as smelters 3 and 4 are started that the DSO number will increase accordingly. Bear in mind though that there there is a seriously long lead time between signing contracts for the purchase of new smelters and their delivery on site - around 14 months. The DSO facility (if that is the correct terminology)expires, along with all other parties' DSO, at the end of 2022. If the Indonesian government sees fit to extend that by a further 5 years (as they have once before) then we are looking at some serious cash flow numbers that even I haven't included in my spreadsheet.

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Robworld what are some your predictions going forward on SP?

GMC Price at posting: 0.8¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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