The debt stated in February's AGM was supposedly $2.4 billion, Pyne is now quoting $2.8 billion. Plenty of capital has been thrown at struggling assets the last 12 months, just no leadership from the top re cost control.
If Roberts was a fighter he should have tightened the purse strings a few years back, instead he calls a strategic review and then gets UBS in for some well paid 'advice'.
We've been down over by corporate fraudsters, if they were Union reps they would be in front of a Government funded commission.
ARI Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held
