RE: Simple question30 Aug 2023 12:50
Our MCAP is roughly equal to our debts, which is not a good position.
However, revenue is good, opex should be reduced with the permanent pipework (it's a pity the company couldn't give us a better figure than "less than 800k per month" in the last Q&A, which many will translate as somewhere around 799k per month).
As long we can get a non- crippling refinance package agreed things should improve in line with reducing hedge commitments.