RE: Blimey3 Jan 2020 13:01
re..I do find it strange the amount
The board of SPMP has determined that in order to reach 100% capacity and sustainable positive cash flow, SPMP will EVENTUALLY... require up to USD160 million of additional finance, including a working capital facility of USD60 million to fund a build-up in inventories, a normal creditor and debtor cycle, the continued investment in the plant and to meet current debt obligations.
what exactly does this mean?....seems to me that there is an implication here that this is not necessarilly an imminent requirement to keep the lights on....how is that this was not even hinted at in the previous announcements?...in fact all press releases since August have had a very positive bias... ..was it strictly necessary to release details on ongoing negotiations today...in midstream as it where...sure in the knowledge that it would crater the sp.....is it possible that there is some other agenda here?