Ann: Annual Report to shareholders, page-10

In 2016 they explicitly raised the possibility that the carrying values of the cinstrconstr assets might not be realisable if ewc was not a going concern - as it would not be if the PSC/PPA terminated in 2022

In 2017 they went into great detail about how they satisfied themselves that the accounting standards had been met by replying and agreeing assumptions with management. There was obviously some debate here.

In 2018 they said they could no longer agree the assumptions, and gave ewc a qualified audit opinion. It would be interesting to know how much of a write down EY wanted.

So essentially the auditors are saying what the market is saying, noone believes management anymore.

That is not the same as saying the projects won't be completed, in which case we mightbhit Bark's $1.50 value, but that management representations are not a base, or average case. Surprise!!!