Ann: Half Year Accounts, page-8

Hi

I realize all of that however none of it has anything to do with the EBITda to net debt ongoing quarterly covernant which is what I was referring to

I also Realize that they didn’t raise to pay off debt -

the raising will reduce Their net debt in theory as net debt is borrowings less cash and equivalents-

the EBITda generated in the quarter will depend on what is produced and actually sold : transacted - and then the ratio can be calculated to see if the company is in line with its loan contract


My question was, what do
You think the EBITDA would be if they realize the approx 50000 tons this quarter as implied in their commercial production declaration