GREY:ARWJF - Post by User
Comment by
davproon May 07, 2014 4:36pm
144 Views
Post# 22535543
RE:RE:Feedback from Company
RE:RE:Feedback from CompanyRajags, even you should have been able to figure out that the 300k used to pay down the non compliant LOC would be ended as soon as ARW was in compliance or could replace that LOC with another. However should they not have been able to do so then yes at the rate they were making payments then July would have been a fairly accurate target date for retiring that particular debt. As for GreenT he only has a bad habit of regurguitating the current planning... however planning is only valid when referenced to a current position when issued. When current position is influenced by a event then it becomes malleable hence targets and deadlines can change to accomodate updated planning. In this case the change in planning is very welcome as it indicates that the source of financing for Kerrobert drilling will be cashflow.