io price, page-113

Calculating AGO's cash and net debt position at end FY14.

Assuming Iron Ore and currency stay the same until 30th June.

Q4 EBITDA = 52m - 5m (net interest) = 47m

Last conference call about $100m was indicated as cash capex this quarter.

So a cash reduction of (53m) for the quarter after 'growth capex'.

Last balance update = $372m - 53m = $319m

Debt = $US272 or $AUD292m

End FY14 Net Cash = $26m

* My previous posts were a little out.