PP, i'm not exactly sure what we are arguing about, but a few things: i don't think they'll look to re fi 2027 bonds at least til about feb next year. They'll get a much lower rate once they demonstrate the cash flows from Onslow for at least a 1/2 yr (eg 6%), Mark said as much at latest quarterly. 2: Holding everything else constant, Mins benefits from a lower Aus $, not higher, as some of their costs are Aus (i understand the debt is notionally higher), but they are being paid for iron ore in US $, so if you get the same US $, and lower aud costs, the profit is higher. Mark said this also on half yearly conference call. It would only be good to get an appreciation if they had a lot of aud cash on the balance sheet and about to repay US $ debt.
MIN Price at posting:
$26.69 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)