re: Ann: CLEM7 Traffic Volumes - First Week T... based on Jan...

re: Ann: CLEM7 Traffic Volumes - First Week T... based on Jan quarterly they have $450M undrawn and available on lending facility. im pretty sure the Leighton's $150M reduced this debt so they could have as much as $600M avaiable to them. SO assuming they need additional 50K vehicles to service debt they have a shortfall of around $225K a day or $82M a year. This can be met by debt for several years. Although the deficit it is much higher they most of us thought. Anyway, i don't see a Cap raising coming there wouldn't be any point it would destroy the company and i can't see Leightons participating. traffic volumes are for school holidays so should see some pickup.