I have said this before, but the current investigations/situation will have to bring about positive change. There is no way Joe can survive this and continue business as normal at MED. There will be a lot more pain to come for SH's, but I still believe there is a future for the Merlin asset. Other parties/investors will be interested, and as @Cridz has stated the right team and experience behind this could make it work. Especially given most of the equipment/infrastructure is setup ready to go.
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The Age article - sounds dire, page-43
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