Thai Divestment, page-37

Well said EL.

I don't think I am alone when I say that I was actually surprised that CVN eventually managed to increase production rates to what they are now (and burning a lot of money in the process).

I was also surprised and relieved that they were able to limp towards PS-1 without having to further sell down its share from 20%... though as you rightly pointed out, they only managed to get there through capital raisings.

"Getting rid of Thailand ( for a fair price) is getting rid of risk, and it is realising and bringing forward cash flow that might not actually happen. " - This is spot on. Given the history of problems with production in Thailand, this is not the kind of risk we need to hold if we can avoid it at a reasonable cost.