Finally took a look at the presso. Underwhelmed to say the least.
Final page. A link to a research report from a no name outfit, spruiking a 40c price target, dated April 2017!! The board are trying to gift themselves 40c (and 50c) options with a 3 year life for that price!!
SAU could be bought, outright, by any a sydneysider with a harbor view property and some rural acreage.