Looks like Deepcore are going to take a charge to the accounts with a bad debt from Shen Yao at the Balmaine mine in Ballarat along with packing up their rigs as per AFR article. "Drilling contractor Deepcore confirmed to The Australian Financial Review on March 6 that it had removed some rigs from the Ballarat mine pending payment. The contract remains on foot but drilling operations have been stood down pending further payments.” No quantification of the size of the debt owed or the number of rigs contracted and nothing by way of disclosure from MSV
Looks like Deepcore are going to take a charge to the accounts...
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