at this price, page-4

Muppet

I suspect the actual result will be very bad but more so from write downs than actual aluminium processing operations .

I think the board will take this annual result as an opportunity to write off the silica, and mining assets off the balance sheet from quite significant numbers down to a 0 holding .

They might even write down the asset at Alreco that the previous board was accounting as part operational cost but also part capitilizing expenses to the balance sheet as an asset

I would not be at all surprised to see the actual loss greater than the booked revenue