MRC 0.00% 2.6¢ mineral commodities ltd

Ann: Quarterly Activities Report - March 2022, page-214

  1. 142 Posts.
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    Spid

    Was that cost for power ever noted on a company announcement? If so please let me know I don't recall seeing that.

    The interesting side of it is that SA has been going through load shedding for the last 3-4 years due to the parastatal entity Eskom being a total basket case, swamped with corruption and a lack of ability to provide power.

    Maybe the management decided that until such time as the provider gets its own house in order they should defer payment of 7 million as stated by you above.

    DYOR
    IMO
 
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