Ann: Chairman's Address to Shareholders, page-2

"No return expected for shareholders".
Focus is "getting best return for creditors"

Somehow Credit Suisse has got the administrators to hand over the cash even though they only have security over the Springsure subsidiaries. Guess that the advantage of having a billion dollar a year legal team at your disposal. It's going to work out pretty well for them and the Swiss have done an excellent job of destroying this company and ensured a tidy profit for the shorts to boot.

Who will they eat for breakfast next I wonder? So many of those iron ore companies look very tasty and are getting shorted heavily. Pillage and destroy!

Question.... why the hell dis the company continue to spend up in a big way over the last 18 months?
Did anyone have their hands in the trough?