opening down due to..29 Mar 2019 07:57
'Until approval of the Scheme of Development from the Government of Bangladesh is received there is continued uncertainty over the recoverability of the intangible mining assets. The Directors consider that it is appropriate to continue to record the intangible mining assets at cost, however if for whatever reason the Scheme of Development is not ultimately approved the Group would impair all of its intangible mining assets, totalling £40,912,000 as at 31 December 2018.'
Net assets are only £37.5m at 31 Dec 2018