Invariably leads to share price drop due to dilution but with...

Invariably leads to share price drop due to dilution but with share price at these levels i don't think it will make a material difference. Why not tap the market and be proactive in acting on the debt issue. There will real benefits in the medium to longer term - especially if they were able to wipe off a quarter/half of the outstanding debt.

Back to the position somewhere near pre-float before Private E & Macquarie et al raped the balance sheet and largely put us in the current position we are in.