33 million in savings quoted with note conversion plus amortisation (Proton) 15 mill removed -- Anonymous

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Subject: 33 million in savings quoted with note conversion plus amortisation (Proton) 15 mill removed

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33 million 1st half annualised--plus last year 30 mill equals 63 million in savings

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Date Posted: Monday, March 10, 11:06:14am

"When combined with the proposed sale of PW the impact on the balance
sheet would be dramatically positive. The proposed sale of PW will
eliminate $15 million per annum in amortisation of goodwill, whist
the note conversion eliminates interest of $18 million, giving a
total annual saving of $33 million," he said.

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