as pwu said they sold everything making no or little immediate ,money,got good prices and stripped down debt by around $2 billion as well as investing money back into the business with the lenders tolerance,if not blessing (namely the new $64m(40m cash)turbine at PT hedland?,neighbourhood energy purchase $6m,funds to sort out redfern ($6m? or so) and as said before by Pwu,they got rid of BBI for chicken feed.
they even squashed rumours of default,so poor shareholders wouldn't be panicked into selling out and said they reaffirm $288m guideance two weeks before the end of the financial year---IF THAT"S NOT TELLING US---what is?
AEJ Price at posting:
5.9¢ Sentiment: None Disclosure: Held