Can’t see PVL bothering too much with FY18 valuation window dressing. There will be a big writedown, and then then they will hope to declare uplifts from then on.
I expect they are mostly focussed on cash, as they try to maintain their huge cash spend. All else gives to salary and other costs perpetuation imho.
CLI Price at posting:
3.4¢ Sentiment: None Disclosure: Not Held
