My back of envelope calculations are as follows:
Cash at hand as at Nov 30: 300M (Includes retained cash from dividend suspension)
Free cash flow generated since July 1: 150M
BEPPA cash retention: 16M
Cash Out:
Working capital: 150M
Westnet Option: 160M
Forecast Net cash as at Dec 31: +156M
January:
Cash In:
Free cash flow generated for Jan: 25M
BEPPA cash retention: 4M
Cash Out:
PD Ports 180M
Net cash as at Jan 31: +5M
February:
Cash In:
Free cash flow generated fro Feb: 25M
BEPPA retention: 4M
Cash Out:
Corporate Debt: 100M
Net cash as at March 1: -66M
Powerco proceeds of 320M received in early March 2009.
The only shortfall I see is -66M in Feb 2009 but I may have been conservative with my free cash flow figures.
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