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Ann: Annual Report to shareholders, page-183

  1. Good Oil
    5,933 Posts.
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    04/04/20
    23:29
    Post #: 43883262
    They are technically insolvent... by an order of magnitude.. hence looking to default (as per Annual Report)
    Assets = Cash ~ $A150m (likely half this at 31/3/20)
    Liabilities = SNE FID USD$600m
    Do the maths... this cannot end well...imo
    DYOR
    FAR Price at posting: 1.6¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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