RED 4.22% 39.8¢ red 5 limited

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

  1. 107 Posts.
    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.
 
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40.5¢ 41.0¢ 39.8¢ $3.430M 8.503M

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40.0¢ 2015985 49
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Last trade - 11.43am 25/07/2024 (20 minute delay) ?
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