UML unity mining limited

Ann: Acquisition of Bendigo Gold Project, page-4

  1. 3,926 Posts.
    lightbulb Created with Sketch. 586
    Help me with this please......
    Transaction can be considered as the sum of three parts:
    1. UML sells Kangaroo Flat plant
    2. UML gives GBM $5.63M for taking up liability for Bendigo liabilities for which UML has $5.63M provision (and presumably LIABILITIES would cost about $5.63M to satisfy)
    3. UML gets $5.73m over next three years

    So,
    2. is break even (if risk and provisioning is correct)
    1. and 3. are collectively a gain of $5.73M for assets which some thought may be worthless.

    Can I now conclude that UML has got rid of something non-core and will make $5.73M?
    Did we just get 0.5cps from this deal?
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.