Ann: Acquisition of Moranbah Project, page-80

Ild be interested in knowing exactly how much of a loss it is running at?

Obviously QPM would be one of the main clients so the running at a loss would only be until the tech project comes online and then the tide turns.

I did some digging last night and it looks like they valued the project at 0 back in 2016 and for the next 7yrs have been trying to unload it. For AGL / Arrow this is probably the only real chance they could get to offload it and even back then they realised they may have to pay some $$$ to exit. So even though it seems odd it also makes alot sense.



^AGL Ann Feb 2016