Australia's largest stock trading and investment forum Australia's #1 stock forum

In my last calculation, gross debt was US$27.5m, as US$22.5m...

First 59 Last

Share
Profile

Follow
8horse

26,847 Posts.

1841

04/01/15

16:20

Post #: 14534020
Share

Originally posted by thao.pham ↑

Hi Accaeric,
In the 19/11/2014 AMG Chairman's Address
"Those that have been with us for a while know we run a conservative balance sheet and have brought forward scheduled debt repayments. As I noted in my Chairman’s Report in the 2014 Annual Report, over the 12 months of that financial year, we reduced debt from more than $100 million to approximately $50 million as at 30 June 2014. Next month we will reduce that by a further US$15 million. Our cash position was further enhanced by the acquisition of Iron Ore Holdings. "
If they could do that then now the debt should get down to $35M rather than $50M. We might have to wait the end Jan to get the quarterly report.
If BCI apply the WA discount on the royalties, it could help to save a bit on cost as well. They could use that to reduce debt.

Expand

In my last calculation, gross debt was US$27.5m, as US$22.5m (US$17.5m for secured loan + US5m unsecured loan). Refer to my spreadsheet.

BCI Price at posting: 62.0¢ Sentiment: None Disclosure: Not Held

FMG Price at posting: $2.83 Sentiment: None Disclosure: Not Held

MGX Price at posting: 28.0¢ Sentiment: None Disclosure: Not Held

ARI Price at posting: 23.0¢ Sentiment: None Disclosure: Not Held

AGO Price at posting: 23.0¢ Sentiment: None Disclosure: Held
Upvote

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

ALY

Alcidion inks deal with Vic health provider Peninsula for use of Miya Precision tech

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

There are more pages in this discussion • 11 more messages in this thread...

First 59 Last