My optimistic guesstimate for 1H in Feb goes like this;
-NIHL starting to flow
-AUS division on budget and profitable (as per normal)
-UK division surprises on the upside (if this happens then all bets are off)
-PIP 95% completed (along with expenses
-ASIC determines again that nothing untoward occurred
The outcome of the above would be a substantial move in the share price and I believe a CR could come soon after on the back of this news. I've been invested in plenty of companies that release great news the share price rockets and bang a capital raising is announced soon afterwards.
This is what AG and BH will likely do if the 1H 2017 numbers can support this strategy. The extra kicker for us shareholders is funds raised in A$ (between A$200 & 300million I reckon) will be able to pay down more debt when transferred into UK pounds.
The debt would then manageable
The banks will be happy
Dividends may return after the release of full year 2017 numbers
The shareprice is higher
The shorts are screwed
Instutitions are prepared to invest again
AG and BH will have saved the company
AG substantial holdings in S&G and his reputation
DYOR and good luck with what ever you think or hope happens here
SGH Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
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