NGI 5.25% $1.81 navigator global investments limited

any opinion?, page-6

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    I wouldn't hold your breathe for a dividend in 09/10. If I was Westpac I would have inserted a condition of the loan extention that there would not be any dividends until the loans were substantially repaid. I have tried to clarify this with HFA but no luck getting a response. So just my opinion.
 
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