Possible Explanation For Renison Loss?, page-9

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    Macquarie reported "
    Unaudited segment Ebitda for the half was ~$14m below the reported segment Ebitda for Renison which was largely due to a non-cash inventory adjustment relating to the low-grade stockpiles. We note the ~$10m write- down in value of inventories to estimated NRV was due to a provisional pricing adjustment of a copper concentrate shipment that left port after the end of the reporting period."
 
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