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clock Created with Sketch. 26/06/25
09:44
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Originally posted by BullishBearish:
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Can someone smarter than I ascertain with these comments from the CFO how they plan to refinance. Could he be alluding to a capital rise? The rough transcript of the speech is: "So just back to the balance sheet, I'm targeting a refinance in FY26 with really three aims. The first one is to remove the requirement to cash back our performance bonds which have now started under our Traffic Era program. We also have $14 million at March in restricted cash and bonds that we've issued over and above our $65 million limit. So aiming to get that cash returned as well. Getting that cash back is the best use of that capital for us right now in this capital period. The second aim is I want to return to the facility out of which currently expires in August 2027, but also reinstate the facility limit, which has also started to amortize now that we are around two years into the traffic facility. That, again, will provide further balance sheet resilience, albeit I'm not looking at debt as a major funding source for this capital program, and thirdly, and probably obviously, I'm looking for a more cost-effective facility than we have today."
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no CR. Plenty of cash on balance sheet.
(20min delay)