RE:RE:RE:RE:RE:RE:RE:RE:RE:End of Month - February 2016
Method, unless something is changed (and I look forward to reading their annual report), the cash flow is still trapped at the project level and not distributed to the company. ie; the bank owns the project. IF they ever get the debt holders to release cash, all could turn our rosy, but that (to my understanding) is dependent on the outcome of their drilling program. Remember, this is a 72 MW project that is producing 50 MW - much lower than the loan structure planned. OE