higher us dollar, page-24

Management are responsible for running the company onshow.

The company has had continual delays , so that is there responsibility and what I am referring to

These include not achieving the $8,6m profit they forecast on Geelong 12 months ago , I realise they have blamed councils, aboriginal issues, the electricity company etc

On the LVR , my understanding if a bank will lend 50% of the asset you need the other 50% in cash to fund the asset , in the case of a build , the bank gives you the line of credit and you draw down on it on progress payments after you have put the first 50% in