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14.5¢ kangaroo resources limited

Hi Beardy and estate09, You are probably both right, but...

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Jshawks

121 Posts.

02/04/17

17:43

Post #: 23799960
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Originally posted by Beardy ↑

Hi estate09---if you look at the accounts, they wrote down Pakar by a further $ 44m in the half year despite a big pick up in coal price in the half year.
The explanation is to with their view on long term coal prices, but NHC and WHC both have a positive outlook over the long term

The cynic in me suggests values are being lowered so that the assets may be sold at book value.
The adjustment of values is quite arbitrary and those who control the board, control the valuation model.
You may be right about the 15 cents, and maybe they will pay that for the 5 % they don't own. It will cost them $ 25 m

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Hi Beardy and estate09,

You are probably both right, but hopefully we all get some benefit, not just a few.

KRL Price at posting: 1.2¢ Sentiment: Hold Disclosure: Held
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