Ann: 2015 Annual Financial Report and Appendix 4E, page-4

I make total assets : part B debt = 2.06 which is quite close to the limit of 2 at which point all US$275m becomes payable in full. Any further write-downs and it would seem they are as good as toast in the toaster. And its probable that this is currently being assessed by the debt holders.

Its the one most important key parameter for Atlas, its amazing that its not actually explicitly stated anywhere as part of disclosure.

I guess it makes being a shareholder quite exciting - so much uncertainty.