us$ collapse --> now at 69.50, page-2

Yes it would. Currently, A$1 = US$0.6983.

Gross debt position on:
10th December: US$692.5m (A$1082.0m)
17th December: US$692.5m (A$991.7m)

So that's a A$90.3m reduction in 7 days.

However, consequently there will be a reduction in our revenue stream when commodity spot prices are converted to $AUD. But considering our predicament, lets hope the US declines a little more.