Another great analysis VYR - well beyond my level of expertise,...

Another great analysis VYR - well beyond my level of expertise, but really showing the struggle it will be to put some worthwhile cash in the bank. It is very late in the Franking Credit game now before the inevitable happens. I write in those terms as it sickens me now to mention their names. Would there be a problem in any case using PHES money for dividends should it materialise, as any initial payment probably would be by way of deposit, pending negotiations etc. and not useable cash? Have you had a look at AMI?