Thanks for sharing MVMy key concern around GXY plan is the lack...

Thanks for sharing MV
My key concern around GXY plan is the lack of growth in production/ sale from their plant. I would have expected a trend up which I just don't see.

My model suggests EBITDA of $11m in 2014 in the most optimistic scenario.

With interest costs of around $9m per year (again optimistic scenario of raising maximum amount, using $16m to reduce debt and selling non core assets for $30m)

in this quite optimistic view for next year GXY is left with around $2m of free cash flow a year...