Ann: Conversion of Redeemable Convertible Preference Shares, page-74

Well we all new this was coming so why the surprise ? , I feel some got a little carried away with 17c .
On top of this in the early days BRL made commitments amounting to many millions for pest control and environmental issues . I note the announcement states $150 a ton , coal is currently worth more than that so the extra must be going to the government or creditors . BRL will be a nice success but has plenty of commitments to honour before there is money for share holders .
8 days to go before the election , it's hard to pick but I am hopeful the National govt is returned , Labour and the greens will make many issues very difficult for the productive sector , they seem to be picking on agriculture and the greens have a special hatred for mining .