Jim If SGH forced to write off asset with actual value ( WIP not...

Jim

If SGH forced to write off asset with actual value ( WIP not yet in near certain cash bracket - eg NIHL WIP where there is no prior statistics base from which to prove value validity) .........as is obvious.......what is also obvious is that once written off the next period P/L will show supernormal profits when WIP gets to cash or near invoice stage.

So it isnt over and if the directors can point to a future shed of cash arriving .....sentiment could change.

Mel ( Holding breath and skulking )