NZRugby, at last, an honest shorter on the BRU forum! I know you're honest from NCM. None of the other obvious shorters here will ever confess their sins! Cash position is fine for now and balance sheet strengthened. They did increase CR capacity at AGM in the event POO did not recover, but not at that point for the time being, plenty of leeway left. In any case, they would need SP much higher to be worthwhile, pointless diluting at this level.
I was pleased to note Eric now sees the value in hedging when oil production recommences.
NZRugby, at last, an honest shorter on the BRU forum! I know...
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