Help my confused brain -re the announcement - out here:
The first paragraph says: that it is likely to make a non-cash impairment to the carrying value of its producing assets
The last sentence says: An impairment charge will not affect the Company’s cash flow or compliance with debt obligations.
So what?
So if we will only know what the impairment implications are in August, why the announcement now, this in the light of the PLS announcement relating to Lithium production is on track; Manganese short term exports, weakening Aussie $ and increasing iron ore prices?
AGO Price at posting:
3.3¢ Sentiment: Hold Disclosure: Held
