RE: Perhaps I need glasses23 Oct 2025 18:49
Regardless of what Industry/line of Business, no Company wants bad or impaired debts however like it or not, it's part and parcel of doing business.
Try being one of the "big 4" banks during the financial crash.
I will never support this BOD, however for Eggshead to suggest that no Company should expose themselves to $9m credit is completely unrealistic. The world wouldn't exist if credit wasn't provided from sellers to buyers. Clearly out of touch with how every Industry works.
9m$ dollar is no small sum but compared to KMR turnover, does the potential write off or impairment of that amount justify the huge drop in SP. Realistically it shouldn't. That concerns me more than potentially writing off 9m$. Add 9$m onto total annual production costs and it doesn't increase that by very much.