Ann: Presentation on FY15 Financial Report and audio webcast, page-2

No doubt 2nd half turnaround clearly in play with core asset operational performance delivering financial benefit/value with support of favourable AUD POG. Current environment suggests this trend will continue.
The elephant in the room is the large US debt which has unfavourably moved with exchange rate. To date AUD$ weakening to US$ and this trend is likely to continue in short term. Looking at debt facilities 2015 vs 2014 roughly same in AUD even though payments have been made. Risk-If AUD continues to weaken, remaining debt to payoff will increase requiring additional payment funded by operational cash flow. Also noted forecasted 2016 capex from last quarterly suggests similar capex to 2015 (not sure about any facility upgrades).
IMO, to better manage/reduce the debt would like to see more frequent debt payments ie. monthly thereby reducing principal and interest components of obligation and keeping exchange impacts in check until debt is more easily serviceable from operational cash flow which can be impacted by many factors.
Red kite has been flagged for quarterly payment basis. Not sure about secured notes payment even though some ad-hoc payments have been made. Compared to last couple of years , good result, improving, but due to large debt , very tight financial/cost management needed. GLTA