Thanks GoNuke for the warm welcome. It has been a while. While it does remain tight the positive operating cashflow of $1.4m is a positive sign considering +75% was in the 2HFY18. Many of the take and pay contracts will reset at higher thermal coal prices and IEC is taking advantage of spot market. The reset of loan facilities is a positive to 3yr tenure debt. The power station is still optionality though IEC balance sheet is improving and working capital is improving placing it in a better bargaining position. Fantastic job by the in country team.
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Thanks GoNuke for the warm welcome. It has been a while. While...
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