GREY:VITFF - Post by User
Comment by
crazytimeson Jul 14, 2024 2:21pm
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Post# 36132192
RE:Short VG video on HLP construction - Might be of interest.
RE:Short VG video on HLP construction - Might be of interest.Husky... I spent hours digging into the extent of damage when this first happened, to see how big a problem it might be, what the costs to remediate, liner damage and ramifications, new pad and possible location, timeline, etc. etc would be, but now for me it is all SECONDARY in a BIG way and all FOCUS should be to CURRENT FINANCING NEEDS! What is going on with the DEFAULT and how many DAYS LEFT? what is CURRENT CASH position TODAY? what is CURRENT BURN TODAY? how will outstanding HEDGES be SETTLED? what covenants are in breach if not all of them? who would offer financing and under what terms? could bankers foreclose and take the assets to auction and let the bond pay for cleanup? I could go on and on endlessly, but this is where my attention is currently focused! etc, etc ETC.... FINANCIAL CONCERNS ABOUND! It's very easy to miss any torpedoes that may be fired and coming fast and hard under the water while staring at and analyzing the the cost to repair a damaged barely floating ship, especially when you are a ship builder. My point is it may be wise to expand the radar to find dangers not easily visible to the eye, as it can be what sinks the ship rather than the obvious current holes in it. Just my opinion.