Grange wrote down the value of the mine by $296 million with impairment charges in 2014 and a further $285 million in 2015. After this $581 million write off, the depreciation and amortisation charges are much lower and the reported profit much higher in subsequent years.
This depreciation expense is a historical cost estimate of what it cost to replace or extend the cost of the mine. The profit is
Shagang Offtake, page-22
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Last
26.5¢ |
Change
0.005(1.92%) |
Mkt cap ! $306.6M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 27.5¢ | 26.0¢ | $355.2K | 1.323M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 657186 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 1041 | 2 |
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