Does anyone know why they used debt to fund a third of the 2018 dividend. They say they will repay by june 19 so that means less free cash flow for this year.
also disappointing to see curragh 0.5mt less production than forecast. That will be all met coal so potentially this is another $100M less free cashflow in 2019.
maybe they will borrow again to make sure 2019 free cash gets to at least $300M so that full year divi of 30c is achieved.
just means 2020 will be lower.
Does anyone know why they used debt to fund a third of the 2018...
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