eltonmanjake isnt joking. I think you need to read the...

eltonman

jake isnt joking. I think you need to read the announcements BLY made so that you get yourself up to speed.

They did have debt as at 30/6/09 (current assets US$490m, current lias US$751 & non current lias US$319 - that comes to US$580m).

However, they did a cap raise of US$478 to the instos followed by a retail offer of US$157. (not sure if the subsequent SPP is included in the 157 - please excuse my ignorance).

So, unless I am sadly mistaken, BLY are in fact DEBT FREE.

580 - 478 - 157 = 55 positive.

I hope this helps your understanding of the situation.