The impairment charge looks bad, and does show bad decisions and lower gold pricing (let's say 30% of shareholder capital down the drain), but it's a non cash charge and says nothing about whether the restructured mine plan will make money.
Worrying about the charge is like worrying why we have lost so much money already.
Considering the new mine plan is to worry where the share price goes from here.
The new mine plan should reduce Challenger's costs as in turn, group costs. That's something to look forward to.
ann: june q activities report, page-4
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