what we in for?, page-8

Able,

Do the NUMBERS on the CASH that is coming in from Laos. Why raise cash when you are an ATM?

Can think of only one reason, to repay the Goldman debt instead of refinancing - but why?

If we did I reckon a 1 for 10 rts would about cover what cashflow to July didn't, so it just can't bother me. We'd probably get a low gearing sp rerating afterwards.

Perhaps one more reason at this stage, an aquisition. Well I am sure our management would only do that if in the interests of shareholders.

Worry not - whatever happens if it does will probably only happen BECAUSE it is good. The captain and crew are well in control of this ship.

EL