Something will snap soon, page-97

"Annual free cashflow is now almost double the total debt for first time"

General Jargon - feel free to comment

This is what I make of it -

As per TRY half year report F/Y17 there are two major debts;
Trade creditor debt @36m,
Borrowings @27m
Ruff Ruff Total @63m AUD

hedges are as follows

	Column 1	Column 2	Column 3	Column 4
0	March Quarter	9,000	1,183.65
1	June   Quarter	9,000	1,183.65
2	Sept   Quarter	9,000	1,183.65
3	Dec Quarter	13,000	1,233.34
4
5	TOTAL	40,000	$1,199.80	$47,992,000

AISC for Dec17 @1017 - say 1,000 = 40,000 * 1000 = 40,000
(take 10% if you like)
Hedged oz. free cash flow =  7,992,000 (or so 12m whatever)
Unhedged oz. 35,000 nice round number fair to say
35,000 * (1,350 - 1,000)= 12,500,00
Total Free Cash Flow C/Y18 20,492,000 USD I make it
So @32.5m AUD based on 77c if my calculations are correct

63m total debt and 32.5m free cash flow (@27m Investec/Borrowings)

I don't mind those figures so much, scrape that barrel.
It appears the total debt amount is almost double the free cash flow for 2018 C/Y based on these figures.
I am just learning the basics of this stuff so if anyone can help me to understand how to evaluate more reasonably I would really appreciate it - thanks in advance. Go the Gold Price >>>>>>uUP