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0.00% 37.0¢ red 5 limited

On impairment, any time the market trades massively below book...

  1. dr spok
    107 Posts.
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    29/09/15
    11:44
    Post #: 16079166
    On impairment, any time the market trades massively below book value (like 1/7 in this case), there will be pressure to impair assets.

    The impairment means very little because the underground is highly certain but not from an accounting view - thus a conservative carrying value is appropriate.

    No-one really looks much as book assets for mines anyway.
    RED Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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37.0¢ 		Change
0.000(0.00%) 		Mkt cap ! $2.516B
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38.5¢ 39.3¢ 36.8¢ $11.13M 29.50M

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37.0¢ 582841 3
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Last trade - 16.10pm 04/07/2024 (20 minute delay) ?
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