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Ann: Appendix 4E - Preliminary Final Report, page-6

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limpopo1492

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27/08/21

11:19

Post #: 55620795
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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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They've just explained it quite well in the call

GNX Price at posting: 23.5¢ Sentiment: Hold Disclosure: Held
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Ann: Appendix 4E - Preliminary Final Report, page-6

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