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I may be wrong but I assume this facility will be used to...

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16/10/15

12:59

Post #: 16191789
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Originally posted by speculator101 ↑

I also forgot to mention, that it now allows DLS to basically have $100 million in funds available to take advantage of distressed sellers like STO. As the new facility is a 3 year one, with DLS cash on hand of $160 + $100 giving them a huge amount of head room to make deals. Or... simply plough some of the capital back into the Cooper Basin.

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I may be wrong but I assume this facility will be used to refinance the CN, so the funds available are more likely to be 100-150m

DLS Price at posting: 66.2¢ Sentiment: Hold Disclosure: Held
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