UCL ucl resources limited
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Hi nobull, since the impairment made no difference to the market...

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    14/07/12
    15:40
    Post #: 10434476
    Hi nobull, since the impairment made no difference to the market cap it had no value and the statement is true. This is really just mark to market accounting which means that when (or if) value ever returns to our share of Mehdiabad it will be accounted on the balance sheet.
    UCL Price at posting: 17.5¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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