Ann: Change in substantial holding, page-10

Mate - if the debt is currently A$244 million and the interest rate is US $15% ( 23% in A$ @ .65 ) , then your debt after 12 months if you do nothing about the principal will be $A 300.12 million. If this goes on again for another 2.5 years to expiry in Aug 2020 , the approximate amount if you continue to just capitalize the interest , and make no repayments on the principal would be $506 million.

It's not that hard to calculate so I'm not sure what you are on about. And the debt has to be ' booked ' and re-stated in $A dollar equivalents in accordance with Australian Accounting Standards and practices. This is only an example to highlight the ' urgency ' which support my view's that something will be done about this in the nearer term , because if it continues , the company will not be able to carry this sort of ' Interest Cost ' burden.