Eric,Its in line with what they have been saying all year.All BA...

Eric,
Its in line with what they have been saying all year.
All BA coal is sold for the next few months so there won't be any meaningful updates regarding BA unless the bottom falls out of the coal market, which is unlikely at this time.
Debt is being reduced but not as quick as they need to avoid default, however, I dont think they really intended to close out the Euro bond but just get it to a level that they can refinance at a much lower rate over an extended time. Probably by EOFY.
The missing metric is how much they make or lose on SA export coal. SA could be the golden goose if they can get the coal onto ships and sell it at the current premium price.
They won't divulge real SA export $ so make of that as you will.