on current numbers 1.4b market cap at 0.475, 1.7b above gives 57c. The AUSTRAC fine really makes things tricky - as it’s a big unknown weight on that liability side. Endgame is getting near;
1) Bell 2 (either way)
2) AUSTRAC can’t be far away
3) Queensland suitability by year end
4) Queen’s Wharf opening.
my view - the turfing of Foster was a good decision. Anne Ward gave good evidence.
Ann: Change in substantial holding from PPT, page-26
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