RE:RE:RE:RE:Echo chamber whispering dividend, dividend A few negative nellies stirring the pot like always lol... - if one has any brain power and recognizes that yes there has been a delay on Wassana (a reality in a project like this) and hence delay on Wassana cash flow of 3000*80=USD$240,000/d, then it makes business sense to do a small raise...from IR below
The amount being raised here provides an interim boost to the balance sheet in support of things like long-lead items for the infill drilling programme during this interim period before 1) we start to see Wassana revenue come in, and 2) we close the Mubadala acquisition.
The Trafigura facility is being used to some degree - bear in mind that facility is not a reserves based loan where the entire $80 million is available to us at any time. Fully $50 million of the capacity ties to completing the Mubadala acquisition, and the original $30 million is subject to certain conditions around when draws can be made, for what purposes, etc.