Laughable presentation, page-23

It is possible,
15 - Oct - 2015
Ebitda to end of year: 50m
Cash 118m
Asset sale 22m + 50m
Hedging exchange for capex 11m
Committed capex 103m (down from 130m)
Tax, Interest, Debt payment 70m
Debt US$199m + A$175 ( US$204.3 million + A$180.0 million 1/7/15)
Down US$5m + A$5 for 1 quarter
Next 3quarter: US$15 +A$15.
Tax + Interest: $13m

Year end cash: $98m
Debt: $390m
Net debt: $292m
Equity: $780m (780 last year + 130 added asset - 50 depreciation - 70 asset sale)

Gear: 292/780 = 38%