Accordingly, on completion EMH will cease to consolidate Geomet’s results within the EMH’s consolidated accounts. As at 30 June 2019, Geomet’s total assets amounted to AUD$12.17 million. In the year ended 30 June 2019 Geomet’s loss before taxation amounted to AUD$0.287 million.
I think is pretty obvious. After the deal we will have separate accounts. Doesn't say anywhere that EMH can access Geomet founds for it's own expenses.
EMH Price at posting:
35.0¢ Sentiment: Sell Disclosure: Held
