RE:RE:myhoneypou liarAa of Sep 30 credit line =440 million
L/C =40 million
drawings against line = 393 million
head room = 440+40-393 = 87million
debt/AFF=3,5 (12 mos trailing)
paydown projected for Q4 =25 to 30 million
Unsecured notes =220 million due 03/23
Debt secure by large hedge positions
I fail to see a problem here ,other than growth and profits will be slowed for a few quarters
by hedges and repayment of debt. But on the other hand prospects longer term are sterling
Also I doubt that anyone with cash wants to take a run at Nuvista now and I doubt that management wants to sell us out at any where near and certainly not below current value.
(as you continue to posit).
By the way I fail to comprehend your attacks on the CFO. He has to contend with a situation not of his own making and has done so successfully to date,while many ,many others have not