Rodd 55,
per Ozl's announcement dated 9/3/2011,Ozl's consideration for the project is US$10m deposit paid immediately with US$240m payable on transfer of the asset.
The total of these payments is US$250.
The Wall Street Article demonstrates that the Carrapateena copper project will never be economic so the purchase consideration of US$250 will have to be written off and this will be reflected in Ozl's profit and loss statement.
- Forums
- ASX - By Stock
- OZL
- carrapateena copper project write off
carrapateena copper project write off
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)