Yeah, and a few months ago an analyst predicted that there was a...

Yeah, and a few months ago an analyst predicted that there was a 50% chance that the AUD would get to $1.50 USD.

If, but, maybe??

Yes the debt is high, but free cash flow improved in the first half of the year.

The assets acquired are generating a +ve EBIT on good revenues.

Existing debt facilities are being negotiated and won't be an issue in the near term.

Expanding IO sales in the coming year will see further growth in sales and EBIT.

The question you have to consider is whether or not that debt can be serviced?

It can.

Cheers
Mo