GREY:ARWJF - Post by User
Comment by
davproon May 08, 2014 12:05am
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Post# 22536995
RE:More 3
RE:More 3Excellent synopsis of the current situation with respect to debt cashflow and drilling. It would seem then that the WH facilities upgrade cost are being treated as debt then and that the cashflow being diverted from trucking water to paying for the upgrade is the primary reason for the debt reduction extending to Dec and likely the short term loan etc would further extend that to March. We could probably assume then that payments to the loc are continuing. Although I do hope that they will be able to mitigate that 300k per month by replacing the facility. Regardless since the time frame for drilling kerrobert is in August there is more than sufficient time for cash flow to build up and fund that project. Might be a wait yet but a prudently cautious approach to cash management is welcome.