paragraphs like this31 Aug 2012 09:42
always make me happy:
Our balance sheet is stronger than expected with US$138.5 million of cash and cash equivalents as at 30 June 2012, which is ahead of our originally budgeted cash balance. On 3rd February we increased our loan with Credit Suisse to US$100 million, at a reduced interest margin and with an extended maturity of 5 years. This 5 year facility is our only debt. As at 30 June 2012, debt was US$100.2 million, so our net cash position was US$38.3 million.
GLA