Positive post Stealth. How much cash in the bank are they...

Positive post Stealth.

How much cash in the bank are they holding and what do they owe creditors do you know? Also do you know what the interest rate on the loan from Macquarie is? I know that 5% of $80m is $4m without compounding per year, month or quarter - but not sure if they would be on such a low mortgage-like rate. Any ideas what interest rate they have to pay?

Also do you know what Macquarie's options might be from here? Also the $120/t is based on 62% Fe grade isn't it - but I thought I saw in a report somewhere they are shipping 60% Fe grade? Is that right? If so what effect does that have on the $120/t price? Do you know what price the hedging from October onwards will be? Is it at the $120/t rate?

Sorry for all the questions - you seem to have the answers and I've got cash to invest. Without that knowledge however I still wouldn't go near them with several pairs of handcuffs and a tazer.

Also all IMO and DYOR.