VAU 6.67% 35.0¢ vault minerals limited

carrying values, page-9

  1. 1,327 Posts.
    lightbulb Created with Sketch. 9
    Yes you are quite right GJ AISC likely contain capital expenditure costs from innocent mistake #1; however as noted in ASX 14/7/2015 "capital expenditure will be deferred" due to innocent mistake #2. Be interesting to see how far they can kick the cash can down the road.

    The tailings dam disaster was a doozy; yet the MD who oversaw this disaster left with some $570K payout; go figure!
    You may wonder why I bother to post; investors do not understand the significance of the tailings dam disaster and the ongoing affects to the bottom line. My guess is one day the picture will become more clearer; ancient history; maybe....
 
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