TER 4.35% 24.0¢ terracom limited

BNU and debt / interest still a big anchor. No mention of CHPP...

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    BNU and debt / interest still a big anchor. No mention of CHPP but positive news on refinance. As the debt burden is mostly BNU and BNU is unlikely to be in a position to repay it, it is not wise to throw more money at it. If BNU cannot perform after another qtr it should be put on care and maintenance and concentrate on BA and other assets. Umpteen Years and millions of dollars of debt and BNU still losing money. Sometimes you've just got to cut the cord and let go.
 
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