Hi Acamas, As danr quite rightly states the cash position is...

Hi Acamas,

As danr quite rightly states the cash position is $225m which is extremely healthy plus they have another approx $50m available to draw down from their Ching project finance facility should it be required. Doesnt seem likely given their strong current cash position...

Therefore $275m in available cash. The $85m in debt that you have netted off their cash in hand is a long term liability reflecting the nature of the asset.

I hope you dont find my posts combative as your posts raise some interesting questions and I enjoy reading all good posts about companies that i have positions in. It just seems that you are trying to be overly pessimistic in comments towards HDR. Not really sure why?

Cheers

Merkin