HWSI dont think the lower AUD dollar affects our loan repaymen...

HWS

I dont think the lower AUD dollar affects our loan repaymen as we pay the debt in $US and we get paid in $US.

so in theory if the IO is 135 US and we have to pay $15US in debt that leaves us with 120 US which is about 129 AUD with a 93 exchange rate.

apparently our cost on normal production would be $80 AUD leving about $45 for profits.

Dont quote my numbers I am just tryint to show that the Lower AUD will not affect our loan repayments.

The main benefit of a low AUD is that we get more when converting it to AUD to cover our operating cost and gives us a bit of a buffer when the IO drops.

hopefully if they still produce at 60%FE or thereabouts we can still keep ourselves above water but with the additional capital requird next year we can expect GBG ownership to be in the 30% because it cannot raise capital. Either dilute to buggery and get diluted that way or sell our share to Anstell either way we are going to get less for our buck!!!!