share consolodation, page-45

Good point and the coy has several other options to continue to grow. Fortunately and unlike some peers, these are not "have to" decisions as they have income covering costs and further income (although delayed) in the mid future. Quarterly should reinforce that view. Unfortunately a broader explanation for delays was not reported which was an opportunity lost as they have done much better job under the circumstances than is viewed by the market.

After yesterday and seeing some of our mates take some losses I can see some benefit in the share consolidation. I follow PA's lead and looked at Bsl and see no reason SP wouldn't hold once done and may provide better ability to enter/exit without the large jumps we now have.

Based on my research I continue to have positive view of the long term future and mgt's ability to continue to deliver, expect some may disagree and that's fine. Bw