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

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,686 Posts.
    lightbulb Created with Sketch. 2
    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.
 
watchlist Created with Sketch. Add CSD (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.