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clock Created with Sketch. 02/08/18
01:15
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Originally posted by Photis
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The liquidity position is certainly a bit lower than expected but a good chunk of debt has been paid in the last quarter.
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Exactly, trade creditor debt has been repaid to a larger extend than I would have estimated. And do not forget a lot of that is rolling debt where you you always have the possibility to increase it again if creditors are willing. Given Troy seems to have extremely good relations in Guyana and that trade creditors previous willingnes to extend credit has paid off so far that seems like a real possibility in case of unforeseen circumstances requiring new funds.
