S32 0.54% $3.70 south32 limited

Ann: Hermosa Project Non-Cash Impairment, page-28

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  1. 8 Posts.
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    Not only has South32 pissed US$ 1.3Bn against the wall.

    -Add 5 years of holding costs US300M?
    -Add the pre-commitment capex US300M?
    -Opportunity costs of forgone cash flows of simply buying an operating asset.. US700M?

    I think the true cost to Shareholders is closer to US$ 2.5 - 3 Bn.

    Heads should roll for this.

    -
 
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