"Also mentioned they 'fully expect' to recover the $3m hit through insurance."
It's $2.5 m, not $3.0 m and the only comment I saw on insurance didn't say they fully expect to recover the $2.5 m:
"the group has commenced an action to seek recovery from the insurer but has conservatively determined to fully expense
the matter in current period"
Ann: Business Update 2022 AGM, page-3
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