Smart dude.
Debt position is US $40m
Debt for MACA - AUD $13.2m.
Cash and bul - AUD $23m. So net debt is $AUD $46m.
With BDR required to pay approx $US5mil per quarter, plus a further AUD $2.3m a quarter. Total per quarter AUD $9.3 per quarer until mid late 2017.
Hence, for now they are basically treading water, the next quarter will have a lower production, but how much lower is the question, at least for me anyway.
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Smart dude. Debt position is US $40m Debt for MACA - AUD $13.2m....
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