GXY
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Ann: Non-Cash Impairment, page-11

  1. 8horse
    34,338 Posts.
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    07/08/19
    09:15
    Post #: 39895582
    Lol, doesn’t have any effect on cashflow, hope it doesn’t have any effect on share price.
    Sold 50% of Mt Cattlin at around $20m to GMM, bought back via script takeover for ~$200m within a year, now USD$150m impairment.
    Less than three months ago, cash invested in A40 at 20c, now at 7.3c, lost 64% investment. Okay, it’s just a paper loss.
    GXY Price at posting: $1.14 Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 11  Upvote
    lightbulb Created with Sketch.  Great analysis
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