OZL 0.00% $26.44 oz minerals limited

carrapateena copper project write off

  1. 2,369 Posts.
    Rodd 55,
    per Ozl's announcement dated 9/3/2011,Ozl's consideration for the project is US$10m deposit paid immediately with US$240m payable on transfer of the asset.

    The total of these payments is US$250.
    The Wall Street Article demonstrates that the Carrapateena copper project will never be economic so the purchase consideration of US$250 will have to be written off and this will be reflected in Ozl's profit and loss statement.
 
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