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

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.