agm 30th nov, page-3

Well, not to put too fine a point on it, but they've got a LOT of explaining to do and I only hope that people kick up a stink over this, if it really is 8c cap. raising.

Unfortunately, I can't make it due to it being interstate...but if I was there, I'd be giving them both barrels re: capital raising, if it is for the debt.

According to the D/E ratios from

http://www2.aspecthuntley.com.au/pdf/comsec/aer/today/nms_cp.pdf

we are not that heavily geared at 26.7% - so what on earth is going on ?! I thought Mr. Lange ran a better outfit than this, which is why I got on board in the first place.