There is a hell of a big difference between a BHAG (Big Hairy Audacious Goal) and an internal target.
Rightly or wrongly, i always perceived the 2020 path to profitability to be the former - a bold statement & goal to rally the troops and build esprit de corps. My own estimation of the path to profitability was far less. But guess what... even my substantial downward revision still makes the investment case stack up at todays dirt cheap prices.
If the actuals come back between the two, than i'm stoked.
Things are shaping up nicely, and we have multiple events coming up to clarify expectations and bolster sentiment. Sept 4C could very well surprise on the upside (shouldn't be too difficult given expectations are in the gutter), and the AGM in Nov (presumably) should give some level of forecast, either for the balance of this year, or hopefully, for the new FY18 (which is essentially CY18)
Ann: FY17 Full Year Results Announcement, page-70
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