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As things stand, HUR will have +$100 mill net free cash on bond repayment date. ie: after all bonds repaid. Not $8 - $38 mill
soon will be Maris RNS as he must be uncomfortable with rise.
Kamakiriad
What happens to these bonds upon expiry - what is the financial impact?
I would love a further bond buyback - anything to limit Maris & Chaffe depressive wordsmith damage
RNS as bland as bland as bland can be
SHs left relieved it lacks an overt doom & gloom the end is nigh paragraph. A pathetic position a chair to place SHs in
Deliberately omitted is even that BW already hold circa 20 mill in escrow for current deal, so only small top up needed
Bond cash all secure in one week next offload - main message reality which should highlight today's RNS
I didn’t mention or mean that income would be used to pay bonds off which could not be paid before time, I was just commenting on the amount of revenue due in. Whether it pays a bond off or floats around in the current account it is still within the business and helps with liquidity.
Kamakiriad
He says the bonds cannot be paid before maturity
I know what you mean easyP, However people pondering about whether to buy the share at the moment may be kicking themselves in a couple of weeks once the next uplift and associated finances are announced.
"No production issues arising from reaching bubble point have been observed to date."
In fact the P6 well has been pushing out 9,000 bopd for years now, the debt is all but gone and the price of oil north of $80 yet the company trades at 4p a share?
Nm ??
Great opportunity to top up at this price
nm