the risks, page-10

Management tells us a 10c distribution is sustainable after along review, they tell us they are going to sell non core assets today they announce they are seeking to sell Darymple coal port.Can you blame anyone for questioning their credibility.
I have a few questions firstly what is corporate debt? and how did 1110million of it land on the balance sheet.

Secondly which of their assets are core assets and what will be left when the selling ends.

AS far as i know to reduce corporate debts assets need to be sold above book value which in this market is difficult to say the least and all of the free cash flow needs to be diverted for the cause.

How do we know that free cash flow is not being used to plug interest rate charges?

My opinion invest only with money you are prepared to lose.