better than expected, , page-13

Hi Baraka

Their half yearly accounts will be interesting to look at, especially the 'loss' and the ratio of 'debt to equity'.

Your estimate of the full year loss of ($180m) seems reasonable.

D&A and Finance costs could be more than in FY 2013 and they were a significant amount then:

FY2013:
D&A $21.4m
Finance costs: $4.8m


FGE obviously need ANZ's support but with these latest downgrades will it matter ? Very sad for long term holders.