iron ore spot price to go to us$200/ton, page-6

Thanks for the information Rocket.

From the last quarterly report:

"The prepayment debt is expected to be fully repaid during May 2010."

As at 31.3 the prepayment debt was $A11.707 million and the core debt to Noble was $A41.014 million.

With increasing prices and a marginally better exchange rate we can no doubt expect to hear in the near future that the prepayment debt has been expunged. Pity OMH can't get rid of its shares - the SP would then rise as this company does not have to worry about a super profits tax.