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13/08/15
23:54
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Originally posted by redrockgeo
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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.
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So us how you got there red... Are you using todays forex rate or 30 June 0.768?
BTW, I was thrown by the debt numbers presented in the definition of the break-even price. Rookie error on my part.