Ann: Half Yearly Report and Accounts, page-2

A disaster.

$1.3m loan impairment, total loss of over $2m for the half. Negative $7.5m in equity.

Just $5m in loans receivable against a wholesale loan of nearly $10m. They have lost half the float.

"Subsequent to the balance date, Propell has engaged with the ASX to discuss its potential removal from the official list." Sums it up.

"The Directors note that the Company's Convertible Note (refer to note 9) has a maturity date of 28 February 2025. In the event that the Company is removed from the official list, the Company has an in-principal agreement with a third party to refinance the Convertible Note to senior debt."

Can the last to leave please turn out the lights....