Agree. Terrible.
All those contracts they keep announcing with 10' s of millions p.a. are obviously not worth the paper they are written on.
The spin doctor must surely be running out of credibility.
The only thing certain is another cap raise. This has been a complete dud for Thorney. By supporting another cap raise they are just chasing a losing proposition. Not a great advertisement for their various funds.
Ann: Quarterly Business Review & Appendix 4C, page-3
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