The stupidest part to PSR in my mind is the three year cycle applies to your losses AND profits. You can't 'bank' profits. So we basically lost the Jarrod Bowen sale benefits because the Allams didn't want to push the boat out. So they just evaporate. If we sat on our hands and turned a profit for the next three years, then in the fourth year the profit we made in the first year drops out of the calculation. We don't get to bank it to use at a later point. So in a way we're actually encouraged to burn through the Philogene and Greaves money over the next three years, which seems the opposite of sustainable.
Seems every second comment is "With the greatest respect .... "