When you have done your homework, Fellas, please correct me where I have erred.
There's two important dates.
1 March 2029 for Debt Facility. 2. September 2031 for Asset Facility.
By 2029, STX has to deliver approximately $240 million to cover costs for Peaking Plant, work on WE, and general operations.
$60 million per year.
By 2031, STX has to deliver approximately $105 million to cover Peaking Plant's assets.
$17 million per year.
It won't be even, but it averages about $77 million per year.
Now add whatever you like for further core business and other business related costs, and you might come to the conclusion that the next six years could be quite fragile.
Just my thoughts. J L.
STX Price at posting:
16.0¢ Sentiment: None Disclosure: Not Held
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