Aren't you guys forgetting something?
The way the annc is written (and I would expect this to be the case), that debt facility is for the development of the Turner Bayou project ONLY and MacBank's ONLY recourse for the loan is the Turner Bayou asset and nothing else of PYM.
So any other WC necessary for other projects etc comes from remaining sources (Cash flow or equity and since there is not enough cash flow I guess its equity).
Event the Bridge loan was for expenses on current well. Now with that "money back" and this small raising, surely there is enough WC to fund their other needs - TBP is the big show.
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