Ann: Finance Update October 2015, page-4

"The placement is conditional on, inter alia, completion of the Restructuring"

If GUF is able to complete the restructuring as noted "a circa US$115 million five year interest-only listed bond".... which.... "should give the Company significantly greater flexibility to manage its cash flows going forward and enable the implementation of the growth strategy" ... then why then sell approx 34% of the company through the placement to SPG for A$7m (US$5m)???

With all the pumped up announcements about production and operating margins is it too much to ask that we have a strategy that doesn't involve issuing new shares and diluting the long time supporters!