GS
"Given the difficulties associated with mining and construction in the wet season and the focus on reducing expenditure, BP33 early works have been suspended. We have highlighted an increased risk that funding from existing cash/operating cash flows may be insufficient to fund BP33 development, and that possible external funding may take time and be at high rates. We also note that deferring exploration and pre-stripping spend may be insufficient to keep the business in positive FCF (after the equity raise) on our estimates in FY24, while deferring early works on BP33 development increases the risk of a gap in production in FY25."
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