The five properties might be houses in Leigh Creek. The accounts show Property, plant and equipment of $3.85m, including the "Siemens power generators, which were recorded within the property, plant and equipment balance with a carrying value of $3.4m at 31 December 2023". This means that the remaining property has a value of $450k ($3.85m - $3.4m as we sold the generators). Assume a few vehicles and equipment worth about $250k and the houses probably have a total value of about $200k.
The generators had a carrying value of $3.4m and were sold for $2.0m. Their value was severely overstated in the accounts. I wouldn't be surprised if the other properties are overstated and probably only worth about $50k.
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Open | High | Low | Value | Volume |
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6 | 3240000 | 0.8¢ |
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10 | 9321432 | 0.007 |
5 | 2010666 | 0.006 |
6 | 3563510 | 0.005 |
7 | 3903951 | 0.004 |
Price($) | Vol. | No. |
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0.009 | 1470188 | 3 |
0.010 | 606090 | 4 |
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