"For over a year, corporate costs have been hovering around $2.5m, but now slashed to $286k. Are these real savings, is it even feasible to reduce costs this much and this quick for a 700+ person multi-country company, or have they simply accounted for these costs in a different way?"
yes the company should have commented to clarify this, but the change is clearly related to work in progress like Metal Genesis, which KWL said has a team of 70 odd, being reclassified; @rlee84 even highlighted it here:
this looks simply a reclassification likely related to, & in preparation for, IPO'ing LS. (the number crunchers doing their magic to potentially minimise our CGT if we make bank selling some of our LS stake, & tidying up the financials)
- Forums
- ASX - By Stock
- ICI
- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-60
-
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ICI (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.2¢ |
Change
0.002(10.0%) |
Mkt cap ! $29.58M |
Open | High | Low | Value | Volume |
2.0¢ | 2.2¢ | 2.0¢ | $18.73K | 923.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 749603 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 898082 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 749603 | 0.021 |
2 | 190959 | 0.020 |
2 | 467370 | 0.019 |
4 | 461021 | 0.018 |
2 | 247058 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 898082 | 3 |
0.023 | 20000 | 1 |
0.024 | 480255 | 3 |
0.025 | 81209 | 2 |
0.026 | 20000 | 1 |
Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
Featured News
ICI (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online