Busrakham jasmine net operating profit 16.58
Upon closing of the Acquisition, a drawdown of up to US$50 million is advanceable to the SPV from Trafigura Pte. Ltd., which is in addition to the initial potential maximum capacity of discrete drawdowns of up to US$30 million, under the facility announced on November 11, 2022 (the “Facility”). Such additional drawdown is subject to the satisfaction of certain conditions precedent. While the assets acquired through the Acquisition are anticipated to be strongly cash generative, the Facility provides additional financial liquidity.
Additional funding I thought they wouldn't need any with these 10b over 10 years . Seems to me 16.58 ner operating profits is very low . I think it's to do with the amount of capex required to keep these assets viable .
Current priced at x2 profits looks about right , when they need 210m decom liability, 50 m future milestone liability
Seems a hell of a risk with steep decline curve
Upon closing of the Acquisition, a drawdown of up to US$50 million is advanceable to the SPV from Trafigura Pte. Ltd., which is in addition to the initial potential maximum capacity of discrete drawdowns of up to US$30 million, under the facility announced on November 11, 2022 (the “Facility”). Such additional drawdown is subject to the satisfaction of certain conditions precedent. While the assets acquired through the Acquisition are anticipated to be strongly cash generative, the Facility provides additional financial liquidity.