RE: Ntog interview29 Jan 2025 14:18
Extract from the interview:
'Welch highlighted that the facility, held by WAFD Bank, provides significant financial flexibility, with only $4.25 million currently drawn. The interest rate remains favourable at 7.5%, aligning with the company’s cash flow growth'.
This was one of the best part which was not factored in:
'Welch explained that the borrowing base determination, conducted in December, did not factor in recent production increases. With output up over 60%, he expects a significant boost in borrowing capacity in the next review'.
They do not want to be reliant on debt:
'However, he emphasised that the company is primarily focused on cash generation and production expansion rather than relying on debt'.
Well done, Mr Welch.