CXY cougar energy limited

annoucements pending, page-3

  1. 23 Posts.
    excuse my lack of understanding..... but could someone with more knowledge than myself explain the financial impact on CXY if Kingaroy is "shut down" permanently? I am no accountant but I am assuming the assets we have deployed at the Kingaroy site which cost a significant amount of shareholders money will have to be written off which would have a significant impact on the company's balance sheet and therefor valuation.

    Or, can the assets be re-allocated to other non-QLD sites (i.e. China)?

    Cheers
 
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