The US$19 million bank loan has interest only repayments until October 2010.
ANG have taken up the debt value of the loan in A$ which would show an increase in the debt but I presume they will pay the interest & the loan from the profit generated by Westech which should negate the currency problem.
ANG have stated that they expect this years total dividend to be in excess of last years. This means that as last years was 1.0c interim & 6.5c final, this year the interim has already been declared a 50% increase therefore the final dividend should be at least 6.5c but probably more.
Bob
what next?, page-3
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