Share
5,457 Posts.
lightbulb Created with Sketch. 25
clock Created with Sketch.
23/07/18
12:29
Share
Originally posted by ThinkinLoudly
↑
yes @contradicator, the report is 1 week later than would usually be expected. so I agree, something is not quite complete. they do have a few issues I expect to work through, especially as these results will feed directly into year end:
1. Kwale project debt will be substantially reduced given payment schedule but also the usual cash sweep ... favourable pricing will have deposited significant cash into the business
2. It is possible that existing funders might take a position in new project ... possibly leveraging existing funding facility documentation. Maybe negotiations re extending or stand-stilling these arrangements are a knee deep conversation almost complete
3. Toliara concept study was to be concluded in June and consultants anointed for PFS work to commence next Quarter. Possibly finalising release re concept study ... that would be interesting
4. These accounts will dovetail directly into full year reporting in which case the tune needs to be pretty clear. The capital raising and Toliara project acquisition will have delivered some reporting complexity.
All in all, I do expect this to be a significant and surprising quarterly. Happy for the delay! But this Tuesday or Wednesday I will be getting anxious.
Have a great day!
Expand
No drama yet re timing of the report. Looking back they have released late in the month before and there should be nothing new in a quarterly anyway. They aren't the forum for new announcements as a rule.
ILU due to release this week which may be more important as far as cementing understanding of trends.
Last edited by
seals :
23/07/18