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
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
