How are you coming up with the $5M+ figure Beechmere - any reasoning behind it?
Over the last few years the company has repaid around $100m in debt without a share issue. They've repaid $37m in FY10 and another $18m in FY11 - a year with a large amount of ledger acquisitions.
So current cashflow would easily cover a figure like around $5m.
How are you coming up with the $5M+ figure Beechmere - any...
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