what is prom hill worth long term???, page-19

Hi all,

I agree with your comments surrounding the sale of PH. It is the cash flow generating machine that the company will require in order to repay the debt. With everything pretty much shut down or on a reduced level of production we would have no chance of having enough cash flow to make repayments.

I believe that the french banks want out and AM must sell something to pay them out. Once that is done it has been reported that the other banks have already commited to role the remaining debt. So on we go!!

Any ideas on whats going on with this bridging finance. The cash balance is improving slightly!!

keep the posts coming guys!