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clock Created with Sketch. 29/08/17
09:43
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Originally posted by Tcb007
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From the quarterly "The AUD equivalent of the outstanding USD term loan was A$103m as at 30 June 17 exchange rate of 0.7692"A$20m this quarter. Let's be safe and say AGO make A$15m So at the end of the quarter we could be sitting on $76m cash & $59m debt
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I think under the loan provisions they need to keep $80m cash at bank at all times ?
... but your scenario works if they only pay ~$36m .... We get it though ... confirmation of net debt of zero or below
