lakota, it may be all of those things. Consider this though, the further down the track we go, the closer we get to make or break - like it or not things do leak out it is impossible to keep any company watertight - just something as simple as overhearing executives chat at a restaurant, for example. There has to be a point were the masses realise that underneath we have a sound company going through growing pains and it is about to bring a basket of fruit.
This cannot go on forever in limbo and 1HFY17 does have a feel about it that suggests one way or the other. All the ingredients are there to suggests it is about to press the reset button and we could then have a change of momentum similar to the chart from 2012 to 2015!
Non of that removes the debt burden and it needs to get gearing down to 40% sharpish. However, there is plenty of fruit in the balance sheet and off-balance sheet that can help it on its way plus maybe a minor raising to complete the job. Then all risk is off and away we go!
Rather not think too much about a proverbial fish's bum!
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