Hi Hingdog (& MTB),
If you look at pge 8 of AGM presentation, ANN of 21/11/16 you will see debt is not $135Mil but the ANN says:
Debt reduced to a$89Mil AND (my stress) Cash on hand of A$95Mil.. at 30 September 2016(so are we already cash positive?)...AND:
$15Mill debt repaid in October...so maybe total debt could be repaid with high IO prices in Oct/Dec!...but I believe AGO is building a lage "war chest" ie buffer to ride out any potential storm AND development...AND
IO price US$83 today!...
Another bag or two on the way! GLTA
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