Ann: Replacement Trading Update - 21/12/15, page-4

Cost cutting is a necessary part of the medicine here, so I have no problems there. My point is the lack of reliability with the guidance. But then, considering that Keystone Cop's have been the principle protagonists in the recent "endless" mining boom, and now the unwinding of, it's hardly surprising.

With regards to "profits on asset sales" being considered part of "trading EBITDA", whilst conveniently excluding writedowns, well that's just plain deception, in my mind. Though it's fair to say that the BOL management may not even realise. As I say, Keystone Cops.