Hi 123That question you posted about the finance has been...

Hi 123
That question you posted about the finance has been playing at the back of my mind for some time now. How do they service a debt of 700mil when they have no working projects to date.
My thoughts where maybe slowly roll out the money and bring each project on line over time as we know it will be 4 or 5 years before off shore oil is a working project. I believe that it was TMT who commented about one of the copper projects where the copper is on the service and easily extracted after his meeting with MS.
Maybe this is how they will do it?
Anyway i have taken the Switzerland approach to CVI and remaining Neutral. But one thing that has pushed me back to being a true believer was Ian Egal taking a position on the board if things are bad then you would think that he would try and distance himself.
Again all just speculation and time will tell