16m + 31m in recoveries due from Sonangol. That's $47m available at 31 Mar24.
Far out, why dont peeps realise we're hit for 100% of the costs (so bleed looks bad) but then get 70% back + a mngt fee!!
i undercooked it, could be ~$43m in [cash + receivables] at 30 June ($4m net outflow max, if that).
plenty in the kitty...thats why mr cowboy is still after the big payload rather than focus on the obvious 1b commercialisation
16m + 31m in recoveries due from Sonangol. That's $47m available...
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