Ann: 2017 Half Year Results Investor Presentation, page-8

Spot on. It's a really shame they didn't CR, I would have grit my teeth and supported if push came to shove and I could see some light at the end of the tunnel, instead of burning the Supply Base.

None the less, despite the level of debt, there is a case they may survive. They are actually positive in some comments re the market which is a first time in a long time.

It's a high risk stock for sure but don't panic!