Hey Research, figures are exactly what we make them, and you are right, not long to go now.
I am a little confused why you settle on A$400M debt reduction, this loan amount is not due until 2018 , so why now is is necessary for such a large debt reduction 2 years early. IMO if , and only if, debt swap was to occur , it would be on a much smaller scale than you outlined. All this talk about debt swap and CR is just talk, the elephant in the room is cash flow for Q3 and for April up to now. Nothing else matters,if SGH is profitable from 1/1/16, things can be sorted with debt, if not ..expect the worst.
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