Ann: MBN 31 March 2015 First Quarter Financial Report, page-8

Relax, the increased $45m expense (pg3 conveniently listed as "other expenses") is to do with convertible notes. Read all the notes tot the statement. As SP increase so does this liability. So this Accounting mumbo jumbo makes it look like its a loss when really it will just be converted into equity when the SP hits 17c. Read Note 12 and 22 crazy goose chase no doubt playing into Big Insto hands. Hopefully the last tree shake.

I am an accountant.

IMO DYOR