It was already flagged, in their words: EOS previously recorded an impairment provision of $54.4 millionagainst SpaceLink during the half year ended 30 June 2022 and no further impairments are expected.
The only price sensitive aspect is thre is now NO value to be crystalised from the spectrum rights or the work done so far. Which the shareprice already reflects. Shame, Aussie companies seem incapable of making innovation profitable. We specialise in holes, houses and highways. Hopefully we can make some money now from ways to blow things up.
Ann: EOS ceases investment in SpaceLink & initiates ABC process, page-4
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Last
$1.57 |
Change
0.095(6.46%) |
Mkt cap ! $301.9M | |||
| Open | High | Low | Value | Volume |
| $1.49 | $1.60 | $1.47 | $2.010M | 1.300M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 11422 | $1.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.59 | 7794 | 4 |
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| Last trade - 11.52am 04/10/2024 (20 minute delay) ? |
| EOS (ASX) Chart |