AGO
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0.00% 4.5¢ atlas iron limited

Keep debt, page-3

  1. Tcb007
    20,110 Posts.
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    02/09/17
    10:40
    Post #: 26949042
    Interest rates on-hold in the US & it looks like the AUD is heading towards .80c/.82c in the next month.
    For every 1c rise in the AUD reduces the term loan debt by $1.m

    USD$79.22m @ .7692 = A$103m
    USD$79.22m @ .7950 = A$99.6m
    USD$79.22m @ .8050 = A$98.40m

    Screen Shot 2017-09-02 at 10.35.11 am.png

    Don't forget a further A$3m was added to the term B loan, however thanks to the rising AUD, outstanding amount as at today should still be approx A$103m

    They need to pay a portion of the loan back asap and refinance the rest. 8.25% interest is crazy.
    AGO Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 12  Upvote
    lightbulb Created with Sketch.  Great analysis
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