sorry my short hand was too short; I was referring to the Capex management makes to replace assets depreciated through the P&L. sure management can engineer a positive cash flow and pay a dividend. I just said I can't see them increasing debt to pay a dividend.
btw there are other issues; no profit in the half will test the carrying value of assets.
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sorry my short hand was too short; I was referring to the Capex...
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