Hi,
Good thing was the whole stage jump to 6 million tonne p/a with reduced capex, makes the debt deal look better. Possible installation of parts to cope with the 12 mill p/a operation also, so maybe a quicker path to 12 mill p/a
Only healthy surprise has been the removal of 3 appellants without promising this beforehand, otherwise Cpl have been experts of forecasting and not delivering for 18 months.
Our funding gap may be closed if there are further capex cuts but...
to restore value, we need a 3rd party to invest in the project to show us an independent value. Our stock will only recover when we can show and be approved for 12 mill p/a (IMO).
Our debt profile will be our black cloud for a while, good thing is we have plenty of coal on all land with possible expansion plans, so if a company wants solid supply for years, well this is it....
but until then....we wait
I am happy and confident but from now my horizon is 2-3 years.
Happy Collin Gilligan is on board..others not so sure
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