Hi bbq .
I agree with the Sky that the drop in revenue in 2010/11 on the slide # 24 may be related to Royalty issue. By my calculations the cumulative POD1 revenue in 2008 + 2009 (147+250= $397mil) will exceed its cumulative cost and trigger 40% royalties rate on the net Revenue.
In addition CLL will spend all cash related to Algar CAPEX and interest payments will growth to over 60 million annually.
Expected cash flow and revenue from Algar in 2011 should ease the pain as the company chart shows.
Did not want to post this before market is closed as some immature posters smell the "market manipulation" everywhere. We need some fun on the board anyway.
NOTE: Cumulative Revenue=SUM of (product volume X Unit Price). Do not confuse this with company NET CASH FLOW OR NET REVENUE .