Looking at Baita Mine....
Impairment of $4.1m
Baita Mine purchase price was €5m, deposit was only €750k
How can EDM claim a $4.1m impairment on a €750k deposit on Baita Mine!
€750k was $1m, who took the rest of the $3.1m?
The purchase price was €5m or $6m, since we have paid $4.1m, why did we not a least get partial shares of the company?
This is fishy and needs further investigation.
Ann: Half Year Accounts , page-2
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