Ann: Notice of Annual General Meeting/Proxy Form, page-18

There wont be a capital raise they said, what price its done at wont matter they said, why do you think we have an issue with funding they said?

Being correct was useless without taking a short position. What a pathetic year of performance. People can say look at the progress we have made, but you cannot segregate operational performance and capital management performance, looking at this on the whole, which is the only way to look at it, performance has been sub par.