Clearly LGE withdrawing is a huge risk for AUZ - the only alternative then would be seem to be a fire sale of their other assets which would possibly not result in a great outcome.
I have always considered Flemington to have an attractive potential and it would be a real shame to see it disposed off .
AUZ is at a real cross road at the moment IMHO - get a core shareholder in place and things are looking great especially if LGE come to the table - I fear a retail CR will not do well if it is going to be reliant on retail investors or for that matter sopohs purely based on the strategic plan outlined.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-17
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