There can be no forgiving that mid May revenue was guided at105...

There can be no forgiving that mid May revenue was guided at105 million ( having previously guided 130 million revenue) and the year end provided revenue of 90 odd million. It is now clear their May guidance was not only inaccurate but infact totally un achievable. If you think hdx can bounce back from here is a bit optermistic. East coast operations have quite clearly slammed into reverse. Asl have been caught by wdr ( going into liquidation) I suspect all mining service companies will ultimately be exposed to credit risk. Hdx debt is to high. It will be interesting to see how it deals with that. Increasing bank borrowings to fund equipment finance does not extinguish debt. I live near their Yatala headquarters. I don't see their delineation assets in their yard. It would seem they have little value. But if these assets cannot be deployed profitably they should be sold to reduce debt. Anyway I will go to the Agm to get some questions answered.