"Table 3 : Changes to forecast net debt/cash Description A$"
Do they provide details of the breakdown? Century at -155m is far higher than I would expect. At 52c/lb Century is operating at -25m a quarter, capex (pre stripping) was -78m last quarter (what looked to be a once off accelerated cost). So how was -155m derived?
The change in debt position due to exchange rate adjustment is brutal, though few expect the US$ to remain strong in medium to longer term.
The 'other' items are 160m combined, considering the revenue was not much higher than this, surely they're deserving of a little more detail.
OZL Price at posting:
55.0¢ Sentiment: Hold Disclosure: Held
