Thai establishment may not be interested in a further yearly extension of the award.
They'd see this as the Sword of Damocles.
With the commissioning of Plant 1 KCN will be generating $10M FCF per month.
By this time next year mngt will have accumulated $100M after paying off short term loans.
That's sufficient to fund enforcement of the TAFTA award.
Thais will not permit this to happen.
They are currently throttling the revenue stream by delaying PMR payment while collecting royalties upfront..
That was a naive contract to have entered into.
I guess it was a condition for reopening Chatree.
Possibly a three month extension and further delays in PMR payments on the cards.
Thai establishment may not be interested in a further yearly...
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