PEN 4.76% 10.0¢ peninsula energy limited

Ann: Half Year Financial Results, page-21

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    A $5,758,000 inventory write-down and a $39,049,000 asset impairment charge? Looks like "big bath" earnings management. Will be interesting to see if the auditors sign off on this. The disclosures on these write-downs are woefully inadequate, IMO.
 
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