Jethro - I believe that the reconfig project may be significantly slowed not least due to some important stages in the project scope that were accidently fogotten about but have MAJOR legislative implications....
Additionally, I'm reliably informed that the little bloke may have been given a (not too detailed) heads up that all is not good on the project's financials - and that the cost blowout is so ugly that it will require a James Packer One-Tel style moment with the board.
The latter of which will need to be done fairly quickly before the number leaks out further and the terrain warning sounds on the share price- I suspect however he'll try to hold out to post 30 June and carry fwd the hit (my guess only)
The upside is that this latest management crash & burn performance may actually give the Fed Sec & Co a little more range???
AT