Ann: Quarterly Cashflow Report , page-21

Mosts banks have a floating charge of all assets lets say I had $5m net assets and $2m net debt but the bank had a charge over everything ( as they do ) if I wanted a bank guarantee for $500k to put a deposit on a future purchase or in this case a surety bond I would be damned peeved if the bank wanted me to draw down the cash and put it in to a deposit account with them.

All depends on timeone or should it be SS&T ( or both ) what the net debt to asset ratio is if the cash would need to be placed in account to cover the guarantee. By the sounds of it Tony is saying their bank doubt their future debt asset ratio to remain in balance ?

Hoot