My guess is the $125 mm was in part to pay for the latest VLGC. That would leave DRYS with something around $85=$90 mm left between cash and available credit. The next question would be what is GE planning for the balance?
I am also wondering what he will do with the OSVR fleet? Maybe a swap of the fleet for some part of the new ORIG? Those ships are collecting barnacles today so anything GE did with them, as long as it benefits shareholders, would be a good thing.
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