I had a phone call from Halom yesterday. Not interested in...

I had a phone call from Halom yesterday. Not interested in voting for them to become directors. I have voted and directed my proxy to Australian Shareholders Association who will have proxy representative at AGM which is on 24th November..

I voted for the current board and will stick by their plan.
There is no problem to the end of next year when debt will need to be renegotiated or refinanced.
Important point now is to build the balance sheet and create a strong company in the next 12 months.
Banks will be happy to continue Baking facility for company if company is profitable and tracking well.

All depends on POG and POO. I believe Saudi Arabia wants to sell its assets in float will want higher prices until they have offloaded Aramco.

Current board would be more inclined to sell company to Toll Holdings is preferable to Chinese who would temporarily pay debt only to convert debt to shares and take company over by dilution.