I think this is AUD since it’s reported on my share trade...

I think this is AUD since it’s reported on my share trade account. Not from the financial report

Another thing to consider is they have access to $3 billion in undrawn debt facility.

estimated cost of development is $3.2 billion for FY21 without sell down vs $2.7 billion

so in theory, the debt facility available should suffice for next financial year. But my guess is year two this spend will be much higher once development kicks into gear.

The luxury Meg have, which Coleman did not is a significantly higher free cashflow. Almost twice as much compared to what it was a year ago.

So it’s very possible, the interest cost and potential to increase leverage from current 25% to 30% will prevent the business from diluting the capital.

compared to overseas major, which is paying around 5-6% dividend. Those monies are borrowed