If the bill passed, the $20m fee cut still wouldn't be enough to save them, imo.
Ebitda loss $25m-$30m, looking for $250m facility, interest expense $18m p.a.
they burnt $146m cash raised in 2015.
FA is dead, imho, I'm only interested in if dropping to substantially lower than current level.
All imo.
If the bill passed, the $20m fee cut still wouldn't be enough to...
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