Krisp Think your scenario involves a quantum of dilution best...

Krisp

Think your scenario involves a quantum of dilution best avoided.

My notion is that SGH may reduce debt to below $500m in 2017 ( high but afordable) and 20% - 25% dilution in Spring 2018 ensures $400M indebtedness ( Ishall welcome that day) ....and a clear path to less than $350M in 2018 as SGH gets back on front foot and a $50M pa debt repayment schedule.

If so we can expect an SP several multiples of the current SP and it will be worth the wait.

Festina Lente.

Mel