I agree the one-off loss is pretty horrible.
Looking forward to next year, though, if TER can achieve something like the 80 - 90 million in EBITDA Wal thinks the company can get then the debt TER has should be serviceable as long as they can renegotiate it and can get a reasonable rate.
If they can start paying down the debt and/or coal prices rise they might scrape through.
Tough coming from the position of UNV, though, where they had net cash.
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