Given the WA economy where Government departments are screwing everyone except their staff (who are dead wood), BYL will be underwater for a long time. Also they might need some capital last some stage which means dilution by say 15% so who wants that. It is just a case of crystallising what is already lost.
How could they be so incompetent - management and the head of Finance must have been a sleep at the wheel.
Ann: Preliminary Final Report-BYL.AX, page-12
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