"The company is in discussions with possible Build Own Operate Transfer (BOOT) suppliers for the CHPP, which could remove US$245M from the funding balance, leaving $223M plus the contingency (currently $60M) to fund through RES debt and equity. We assume an issue of A$110M, but it could be substantially less."
THAT my friends is why PJ rejected the banks offer. Non commercial terms were NOT in the best interests of shareholders and would have resulted in "an excessive requirement for equity" .. ie DILUTION!
Knowing this now has put my mind at ease a little so I'm happy to wait for the good news. The less equity required the better for us all. 2017 is shaping up to be a great year!!! Free Cash Flow After Tax of $113M.
"The company is in discussions with possible Build Own Operate...
-
- There are more pages in this discussion • 30 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)