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15/04/16
17:32
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Originally posted by barefoot_trader
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I would be interested to know if anyone on the forum knows much about the intangible assets the company hold. They amount to $4,962,948. In the directors report 31/12/15 there is the statement "company's existing coal assets have remained on a care and maintenance basis and the Board is assessing various strategies to deal with these assets with a final decision expected to be made before the end of the financial year." Generally I would assume that these assets will be attempted to be converted into cash and cash equivalents.
On the half year report there was $3,252,000 still in the bank and possibly soon to be more with the conversion of coal based assets into presumably cash.
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Very interesting no shoes.. Would be keen to know more about this also.
Good day today congratz to those in the green. Lucky buggers.. soon to be lucky baggers.