On the debt side I believe of the $60mil, $20mil is already in the 110mil and the $80 I remember seeing is spread over the 2 (could have been 3) years after FY16.
I'm more intrigued on your OCF number of -$25mil. Just gone back to look at the bits and pieces I have but do not come near your -$25mil number. They were -$3mil at Dec 15. They had $51mil in working capital and they had a strong receivables book with $14mil expected to be received from WGH. Based on the above I reckon OFC will be at least +$15mil ($20mil for the half).
If they miss a shipment that straddles 30June then may come in below that but is just a timing issue.
WLD Price at posting:
42.5¢ Sentiment: None Disclosure: Held
