Ann: Investor Presentation - Diggers and Dealers 2015, page-2

Slide 7 still shows that BDR are sneaky with communication but there is a silver lining;

Sneaky

(1) Cash and bullion in AUD but debt in USD
(2) Cash and bullion as at 30th June but the USD debt figure is mid July - i.e. after US$5m payment made.
(3) No mention of AU$15m to be repaid to MACA from the cash holding
(4) Thus, casual reader would assume that BDR's net debt position is better than it really is

After seeing this type of issue repeat multiple times with BDR announcements and presentations I believe that it is more than simple oversight.

Silver lining

(1) This slide (7) shows that the mid-July payment of US$5m has been made to Santander, reducing BDR's USD debt exposure to US$50m

Cheers
John