Mosteph, the announcement wasn't about the mining division... those contracts are set in stone and there's no indication of impairment.
It's the civil construction side of the business that's caused a once off restructuring hit in relation to charges for trying to streamline those activities and recognising that receivables that were meant to be paid by now, probably won't be paid this FY and perhaps never will. The company needs to change the way it accounts for invoices, obviously the level of assumed impairment isn't reflective of what's happening on the ground.
WTP Price at posting:
55.0¢ Sentiment: Buy Disclosure: Held
