False alarm. I jsut spoke with Bill Ketelbey ( chairman) and they hve invested the $5m in a very safe-sounding product that gives slightly better than going-interest rate.
It's an interesting-bearing product through Shaw Investing and involves the four major banks and varying term deposits, etc.
Apparently it's better explained in Note 6 of the report, which I didn't read. Note 8 made it sound like stock market investments!
what listed shares did ACW buy for $51.6m?, page-3
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