Ann: May 18 Sydney RIU Conference Presentation, page-24

From AMI Announcement to the ASX dated 2nd May 2018:

"At 30 April 18, Group cash balance was $65M, with Debt of $45M (Investec).
• Material cash outflows anticipated in the next two months, relating to the acquisition, total some A$28M (“Net Cash and Working Capital Adjustment”, stamp duty and tax). Additional restructuring costs may also be incurred during the integration of Peak Mines over the next six months. •
The Company is considering its future commitments, together with operating cash flow, to determine the appropriate debt draw on the remaining Investec Tranche B debt facility (with available additional debt capacity of $40M) ."

So Investec debt $45 Million.
Plus the $30 Million rehabilitation bonds make a total of $75M.
[Let's agree the other $28 Million flowing out between now and June 30th comes from cash on hand].
But what's this? "Additional restructuring costs" and "future commitments". $40 Million of the $115 debt facility remains to be drawn. Let's see how much they pull out of Investec's piggy bank for that.
AMI Management and Board are being quite upfront about their imminent further borrowing and the challenges ahead. Some of you are missing it.
The problem in these cases is not servicing the interest. The problem is getting the principal repaid within the timeframe. Of course AMI can just do what Governments do. Refinance it again and kick the can down the road. But they don't have the Australian Governments AAA credit rating, so the interest rate will be higher.
The chance of enough earnings to pay a dividend in the next few years [as some are suggesting]? Pretty close to zilch.