"They are essentially net debt and as AUD falls debt increases."
Not saying you are wrong. But can you justify this statement, particularly the second part. As far as I know the convertible notes are listed in Singapore and I'm not exactly sure of the terms or the currency in which any interest is payable.
Someone should really start exploring the real position around the DLS debt. Annual report would be a good start.
Eshmun
DLS Price at posting:
60.5¢ Sentiment: None Disclosure: Held
