Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Dfens I maybe reading it differently. I think the deal has been completed, but to include it in the full year audited accounts they have decide to extend the accounting period to 18 months. That’s how I’m reading it. Anyone else agree or disagree?
At one time wizard was saying he didn’t expect anyone to buy the asset. Looks like a buyer has emerged and mafl are keen to get the sale reflected in these accounts. Sounds positive to me. That’s why you hire people active in the industry to make the deal happen.
I’m more and more convinced THC have concluded a sale of LS and mafl want to include it in the results which will now been extended to cover 18 months. I expect share trading will resume at the end of July or early August. Anyone agree or disagree?
Accounting period changed to end June 2018, which means they will be announcing 18 months accounts and not 12. I wonder what wizard thinks the reason is behind that? Be good to hear his view. They just have a valid reason to do that.