Bit of an adversarial tone in the letter.
He hit some major bullet points on why we sometimes criticize BYE's SM71 JV partner.
I note first cashflow from SM58 is 2021, so there's plenty of time to get set.
Interested to see the terms of any debt financing they get. I wouldnt want to see any dilution or expensive C/notes after that spiel.
Ann: CEO's Letter to Shareholders, page-7
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