i read the report yesterday. my sense is the market is nervous re Toliara. FWIW it's worth though I note the auditor did not blink an eyelid at it (book value A$153m) but instead carrying value of Kwale assets. I have no doubt there was much conversation about it but it would seem the conclusion is that its fair value remains intact. Personally, I take much from this inference.
@Avacado ... I'm sure you stated somewhere that the end is nigh for Toliara ... KPMG's opinion I suspect begs to differ. Maybe time to recheck your source.
have a great day.
Ann: FY21 Full Year Results, page-35
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