They have already fully drawn the facility, so cash change is...

They have already fully drawn the facility, so cash change is material.

And yes I realise there are deferred debt repayments, and I am pretty sure TAP management knows this also, as they have forecasted to repay more than US$30M in debt by the end of the year.

Can't wait to see who is wrong and right. All my forecast from previous posts (which you have countered) have been validated by the figures for the latest quarterly.

My first and last reply to your post, but I will continue to counter your downramps and fearmongering by factual figures from TAP's official announcements.