“in addition to A$19M of interest & principal repaid during the...

“in addition to A$19M of interest & principal repaid during the December 2016 Quarter”

This I read as NOT being part of the $54M debt payment. So that should repeat itself though at a lower interest burden. Can others clarify interpretation?

What is a grey area to me is at what prices they hedged Mar quarter as I would have expected they hedge a certain time frame in advance so Mar hedging should be at higher prices than Dec hedging. Much, much higher I would say.

BTW have a look at the Sept17 futures…….catching up nicely to May17. Mapping in sync, sitting 10% lower atm and holding roughly 50% volume & open interest. The gap has closed if I recall correctly.