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Ann: Appendix 4E - Preliminary Final Report, page-4

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212 Posts.

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27/08/21

10:43

Post #: 55618907
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Originally posted by Kurt12312: ↑

It says it due to fall in wholesale electricity prices. If this project was developed on time and on budget and feasibility studies done appropriately (which we probably paid a shit load of money to get consulting advice) why is it impaired so early in life cycle? It means it cost us too much to construct and its over capitalised. Seriously, without this impairment this would be a good result but I fear they will do the same with hydro. Expect millions in impairment if they don't get their act in gear.

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I suggest you dial into the online meeting at 11am to find out, or if no answer, ask the question rather than hypothesise.

GNX Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
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Ann: Appendix 4E - Preliminary Final Report, page-4

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