Its a lot more than that though. I'm taking a look at the annual report now. So if we are looking at what needs repaying by the end of December 2022.
Euroclear bond = US$167m
OCP Convertible note = US$20m (this is now no longer convertible, TER let the option lapse)
Standard Bank of India = A$8.2m
Standard Bank of SA = A$15.9m (subject to FX translation)
So as a minimum, that means they need to pay down principal debt by around A$274m over the next 18 months.
They will incur additional interest payments across that time, the last financial year was $46.8m amortised to the P&L, whilst they only paid $17.8m, they will need to pay amortised and unpaid interest by the time they clear the debt, so lets assume another $45m.
For the next 18 months, they will also incur corporate expenses of about $24m.
So they would need to produce EBITDA from ops over the next 18 months of around A$343m just to pay their debts. Thats around A$19m / month, which at the moment, seems feasible, but if the coal price declines again then who knows.
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