chim chimney chim chimney....., page-10

melua/dargie, if possible, would be interested to know what you think of my analysis in a previous thread, cheers.

"My calculations are, from the $1460 million figure in the accounts for corporate debt and bonds, the $100 million bridging facility has been paid off through the proceeds of PowerCo, plus under the sweep, at least another $260 million of the remainder would have been used, with maybe a little bit left over.

Would you agree so far?

So that would leave say $1100 million, if we were lucky that could all be wiped out with the sale of DBCT, but more realistic would be $100 million remaining.

And just for arguments sake, if we sold the rest of Euroports which seems very likely (or leftovers from things like Gascan) that could eliminate the rest.

That would leave PD Ports to cover BEPPA with the capitalised interest, along with free cash flow between now and 2012, so depending on how much was sold we could have a fair bit left.

In reality, the situation probably lies somewhere between my calculations and yours, but that's basically my view of things."