An issue you are not considering is that yes the debt is in US$ but income is also in US$. I would have presumed that that in reality (not accounting/books) debt payments would be made prior to converting to Aus$. and only the Net Profit would be converted.
The issue is when the income is not enough to service the debt. if an equity raisung or the like occured in Aus$ it would then take a lot more to reduce the debt
??? anyone agree/disagree
OZL Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
