re: Ann: 2009 Preliminary Final Report and Pr... My understanding is the divi block is part of the PXUPA conditions. The banks won't allow the PXUPA distribution therefore the block is activated. This report makes it look like they are pushing for the PA distribution when really they are the ones blocking it.
I really don't understand why they are still at the mercy of the bankers which such low levels of debt. I only hold pxupa so I would love to see a cap raising although I can't see it helping the ords.
Still think PXUPA is a buy with the low levels of debt and the resumption of distributions only a matter of time. Look at how thin the sell side has become.
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