So Cheap, page-27

Its there every cent above now $100m gets swept.

By the sounds of it you misunderstood. Not unusual for you.

However no doubt about it disappointing Quarter.

Poor realised price (Indian IO back in the market) and lower grade IO sold and higher Stocks at port and mine of the higher grade IO. Points to keep in mind.

The outstanding debt will be A$112M current cash A$100M.

So yes allow 2 quarters to build a bit of cash on hand over and above debt and they could very well pay off debt.

Personally I would prefer that and suspend CD investment until IO market settles and war on the Korean Peninsula and South China Sea is completely off the cards.