LOL Punter,I also think the provisions will be >$25Mill and that...

LOL Punter,

I also think the provisions will be >$25Mill and that is EVEN IF BEN WINS the court case.

If they lose, it will be multiples of that !!!!

But how many years do we wait for before the figure show up?
Mike Hurst will not conceede an inch while the court case
is in progress as any concession would be seen as a admission by BEN that their case might be a bit shakey.

And then we have the appeals !!!!!!

WE need to put a time limit on it...otherwise it could go on for ever !!

And then we have BENS other loans in areas other than GT Southern.
As the bank grows, these provisions will naturally increase.

But in the spirit of your post...... I take you up on the bet.

BODO ....... CAN YOU HELP ME HERE, AND START RE-PAYING.
(I'll give you half the box of virtual crownies if I win)

Im off to Gippsland lakes on Thursday morning for "the boys" 23rd year in a row of a week plus of boating, laughing, drinking, watching the Marlay Point yacht race on the Sat of the long weeknd.
Live on a Bulls cruiser.
Used to compete in the yacht race but we're all too old & too smart to do it now.

Will have computer avail. but unlikely to be posting on h/c.

Friday week the next court appearance.
Looking ahead at the nautical map, the almanac, and chronometer, I'll probably be in the Loch Sport pub.


Cheers,

Bendigo