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clock Created with Sketch. 08/01/16
10:52
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Originally posted by loki01
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All going to plan - USD216m debt, down from USD325m at start of 2015. Unfortunately due to the drop in the AUD since the start of 2015, the debt reduction in AUD terms is not that impressive (they shouda hedged it like I have been suggesting). Current debt is AUD$308m, but with cash balance being aprox. AUD$100m, the net debt is AUD$208m.
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SBM got a very nice lift from that news release. And its nose is nicely ahead of the EVN nag. Perhaps that will be reversed when EVN reports, but for now its a good feeling to see the market is showing our pony its due respect.
(20min delay)
