Ann: Annual Report for year ended 31 December 2017, page-6

This is exactly right. I buy in to companies with the intention to hold for 12 months at least (I don't like giving up half my earning in tax). If RAN does manage to turn around it looks to be towards the end of the year although hopefully we will get some indication that things are on track by mid year.

It is amazing what a disaster the previous management were. To blow the amount of cash they did in the time frame they did seems almost beyond comprehension. It is going to take RAN sometime to live this down.