SJB, you are living in fairy land if you think the share price will be $2.50 and $4 by March next year if AIOs debt is only reduced by $1billion now. Unless AIO's debt is bought to acceptable levels NOW it will become a shorties plaything again and be sold down to 50c or less in a year from now because of refinancing uncertainty. How much more dilutionary would another raising at these levels be?
It's best to resolve the debt problem once and for all so the compay can move on. I support resolution 3 because if it is approved it ensures that there will be no more refinancing uncertainty weighing the share price down and AIO will be priced based on its cash flow and asset value rather than on fear.
AIO Price at posting:
$1.38 Sentiment: LT Buy Disclosure: Held
