From their previous announcements on this topic I estimated the sale proceeds would be in the range of $24-30m (based on carrying value circa $52m and projected impairment $22-28m). Now they have achieved a sale price of $21.5m and say there will be a "further" impairment circa $5m. I guess we have to add that to the previous worst estimate of $28m, bringing the total to around $33m. Correct me if I am wrong.
Do these guys disappoint or do they disappoint?
From their previous announcements on this topic I estimated the...
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| Open | High | Low | Value | Volume |
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| 1 | 1152 | 11.0¢ |
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| Price($) | Vol. | No. |
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| 12.0¢ | 17587 | 2 |
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