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get on, page-39

  1. 2,204 Posts.
    lightbulb Created with Sketch. 23
    If you look at the Balance Sheet, Net Assets about $ 220m
    which looks good
    However, when you look further $ 220 of this ( that is all of the Net Assets) are made of Goodwill/Intangibles

    These Intangibles have lost value, and need to be written down, just like Newcrest did.
    This suggests a very big loss coming up.

 
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