Hell, this guy says PH is now a cash cow and then in the next paragraph he says Cash Flow, debt serviceability, production levels being the main unknown.
How the hell can you say it's a cash cow when it has not even ramped up yet, many a company has died due to ramp up problems.
PH will not be a cash cow until there is an official announcement by the company containing its production and cash cost numbers. this is fantasy land talk until then.
The $140m bridging loan is due to be paid back very soon, where is that coming from? The same place the other billion is i suppose, from the cash cow that will be cash neg for months yet.
it's time for a reality check.
If ph were already a cash cow it would be trumpeted from the highest roof top by the company, i only hear silence.
prominent hill update, page-9
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