so currently on paper - ~$2.7million of distributions are coming from cash or debt
Cash at bank in June was $17million... cashflow last year was a negative $6.4m, (-7.5m prior year), so they have next year covered and would be looking at part selling a few of the US assets in order to have cash available for further out operation and distribution.
Obviously this is a very loose forward looking statement from me - not considering any production that comes online this FY and any new capital expenditure that may be outside of what has occurred last FY. I have held companies like this in the past... they way that it is structured and how they promote the distribution concerns me - will still be sitting out
I also see that they are using CR's to raise cash also - so dilutive if you don't take part.
