Lol, doesn’t have any effect on cashflow, hope it doesn’t have any effect on share price.
Sold 50% of Mt Cattlin at around $20m to GMM, bought back via script takeover for ~$200m within a year, now USD$150m impairment.
Less than three months ago, cash invested in A40 at 20c, now at 7.3c, lost 64% investment. Okay, it’s just a paper loss.
GXY Price at posting:
$1.14 Sentiment: None Disclosure: Not Held