and yet another ann out: first pass, page-6

there is a lot more resilience in the aussie market that people give it credit for

compare how EU keeps over-reacting to every announcement yet our market moves more steadily (yes I know - love to see the wild swings up, but can do without the wild swings down)

SLR/IGR should be a formidable little tiger (appr. 1.3 bill MC?)

The big lesson in the current market:

- don't overextend on debt !!!!
- contain costs !
- work out of synergies to re-inforce the above points

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