borrowings, page-4

buddy they borrowed in US dollars.

So when aussie $ gets higher it costs more us $ to buy than before. The aussie $ went above the us $ during this period. They budgeted @ .93 Aussie to US but went as high as say 1.05 Aussie to US

Hence they didn't have enough US$ to cover the Aussie $ cost.

What annoy's me is the media are quoting 150-200m for the extra finance - why not mention it in the qtrly it has obviously come from GBG.

Still not happy with how KML have managed there finances on this project