It depends where markets are, but lets say they were about here, then i would say around 6% versus 9% if refinanced now, so 3% on say 1.5 bn Aus is an interest saving of about 45 m a year. They don't need do anything yet. Just let the cash build up to pay down revolver, and then re fi next year. It doesn't really matter that much anyway.
With the Aud point, i think you said a higher Aus $ was good for Mins in a previous post, and i was correcting you, it as in fact a mild negative.
I'm happy to have bet with you they won't re fi any bonds this calendar year?
Ann: FY25 Half Year Financial Report and Appendix 4D, page-367
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