GREY:FTPLF - Post by User
Post by
mr1derfulon Jun 20, 2012 12:45am
302 Views
Post# 20032923
Cash Flow
Cash Flow Kind of annoying that there is no cash flow being generated to fund the capital expenditures. Hopefully Thurso starts generating meaningful cash flow to fund the cap ex for LSQ. Just have to be patient as the cap ex is so front loaded for the DP conversions. Better to make sure you have enough cash on hand to meet the project funding requirements than underestimating how much capital is needed and then having to raise equity at fire sale prices. I also don't like how levered the balance sheet is becoming.