Ann: Sale of Kagara Group Assets - North Qld Cent, page-9

re: Ann: Sale of Kagara Group Assets - North ... Yep its a net 40. I misread that line at 3am 'including' but given they bought Einasleigh for 16m, 40m seems about right for the rest of the components, which to me had the least value of Kagara operations. Baal Gammon and Balcooma have 1-2 years of mine life, maybe more, but the big problem was the distance to the plants, and with Mt Garnett mined out, the plant there also has little value. At any rate it's another positive step towards a restructuring of the group.