There are two sides to the debt funding from my perspective: management initially gave an estimate of how long it would take to sign off of 90 days with a 33% contingency, giving an indication that matters were very embryonic. The fact that they haven't yet been completed is just a fact of life and not a cause for concern. The second side is the fact that despite the overrun, the company don't actually need funds to continue to progress, which to me is also a positive. The burn rate is improving....that's gotta be good.
so while we aren't formalising our debt as fast as anticipated, generating CF is positive and to me shows management aren't desperate.
- Forums
- ASX - By Stock
- 1 bagger
There are two sides to the debt funding from my perspective:...
-
- There are more pages in this discussion • 63 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)