Quite correct, it's only worth the value of its future cash flows, which going on the current outlook for works in Gladstone is very low. It might have been a good investment 3 years ago, right now it would be worth next to nothing, a liability in fact if minimum occupancy cannot be achieved.
It will be interesting to see how they account for it in their FY report.
Quite correct, it's only worth the value of its future cash...
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