Croas,
I agree with you ............
however - it may get merger or restructured .......
potential "candidate"
https://www.google.com.au/url?sa=t&...17.pdf&usg=AFQjCNE9gUWz1Jou-dqWSpJXgenQmhLYeg
I haven't looked at whom the directors are ......nor who their bankers are......
but a 500m unutilised note program is "interesting" ......
rgds
V_H