gself, I think you miss the point. PH is well into commissioning now, so the project risk is close to zero. Re cash flow - banks are not silly. They know how it works, and will be aware that cash becomes positive a few months from now when receivables roll in and the start-up payments cease. That it will be cash flow positive next quarter rather that Feb 14 is of no concern to the banks.
Guru is correct in saying that PH is a cash cow, and the banks know it.
OZL Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
