Sorry guys. I should read more precisely.
Cash on hand on 24/05, $37.3m, plus $13.6 received on 28/05, total cash on hand today, $50.9m.
Additional cash can be generated from remaining hedge books, around $13m.
Total cash and liquidated hedges, $63.9m
Near term debt repayments:
30/06/2013, $22m
30/09/2013, $17.5m
31/12/2013, $20m
Total debt repayments $59.5m
Cash surplus $4.4m on 31/12/2013.
DML still has plenty of time to fund the repayment on 31/03/2014. They may generate sufficient cash at that time.
company secretary gregory post further discuss, page-8
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