this is so painful , page-27

Austephen
Pdn will survive - that in my view is not in question . They have enough cash to cover debt obligations even in a slightly negative cash flow environment for 2-3 years .
The issue is one or investment returns . The longer the U price stays low , the more cash from the LH sale they will use up and the weaker the become medium term . So If U price averages 35 this year - PDN will be Cashflow negative to the tune of about 60-70m - that means debt stays the same and cash decreases.

Skol - problem with long term U demand is PDN may be in a weakened state to enjoy the benefits if and when they come , as they use yo cash , at some point they will need to make profits to replenish this and pay down debt .