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Ann: Sale of HGB Leasehold in Indonesia, page-17

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  1. 220 Posts.
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    @Rocketsnail, I agree that it is a shame that the Cairns fencing business did not work.
    But it was hardly a financial burden.
    By my tally using info from the 4C's, the sales revenue plus the sale proceeds plus the R&D tax benefits (apparently more to come from the FY 2022 tax return) are more significant than all the expenditures.
    I'm glad management refused to unwind the transaction. That demand was unreasonable and only justified by the ASX on shaky ground.
    Having said all this, while the company is possibly in its best shape ever, we still need the sales shoe to drop and a resolution to the ITO matter.
 
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