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.
On impairment, any time the market trades massively below book...
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Last
39.8¢ |
Change
-0.018(4.22%) |
Mkt cap ! $2.755B | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 41.0¢ | 39.8¢ | $3.430M | 8.503M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 56 | 1201008 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 2015985 | 49 |
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| Last trade - 11.43am 25/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |