The loss was caused by write-offs which are no longer needed...

  1. 4,181 Posts.
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    The loss was caused by write-offs which are no longer needed with the sale of Nifty and so we are seeing the ongoing activity come to the fore. However, much of the profit is from a reversal of the earlier impairment ($12M).
    The latest figures have been obtained even with care and maintenance for Nifty (nearly $6M) and so the future looks bright, especially as the world price of tin has been increasing.
    Last edited by jogo: 01/03/21
 
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