Ann: Quarterly Activities Report, page-43

in summary
if we are going to include all costs including the proposed sinking fund, ( Clearly r the biggest cost ) we should similarly take a longer view on cash flow - this is why we have a valuation on a DCF basis that captures costs and revenue which results in a mid 20s valuation. The sinking fund has been addressed at the half yearly and it was mentioned funds would be allocated over 2-3 years. A USD 10 m -14 m allocation per annum is be no means large enough to impact distributions

anyway - I stick by my 2-3c return declared in August paid Sept