I'm using that as a guide to guess what capex for next year should be, assuming the business should at least refurbish its asset base as a minimal (in the long run at least).
So I'm essentially saying the range for capex should be ~$5m to $11m. But we know under these market conditions TTN surely won't be acquiring new rigs. So ~$7-8m is probably about right for capex.
EBIT will be lower than there stated 10 - 12m, page-61
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