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A year ago I said noble will go kaput....
https://www.valuebuddies.com/thread-457-...#pid133501
Will it go kaput? Time is running out...
https://www.bloomberg.com/news/articles/...rther-loss
[Those figures include an adjusted net loss from continuing operations of $50 million to $100 million, as well as exceptional losses including non-cash items of $1.05 billion to $1.15 billion
Exceptional losses include a change in how Noble accounts for its stake in Yancoal following the latter’s equity raising in August. Noble had valued the stake at $180 million at the end of 2016, but its market value on Monday was just $12 million]
Looks like the whistleblower / Iceberg research was pretty solid. If Yancoal stake can be so wrongly valued what of the other assets on its balance sheet? Though their angst/critic against our local regulators is very vocal, it also shows they are interested in improving things on the SGX. Do you think our regulators should have any fault in Noble's case?
https://www.valuebuddies.com/thread-457-...#pid133501
Will it go kaput? Time is running out...
https://www.bloomberg.com/news/articles/...rther-loss
[Those figures include an adjusted net loss from continuing operations of $50 million to $100 million, as well as exceptional losses including non-cash items of $1.05 billion to $1.15 billion
Exceptional losses include a change in how Noble accounts for its stake in Yancoal following the latter’s equity raising in August. Noble had valued the stake at $180 million at the end of 2016, but its market value on Monday was just $12 million]
Looks like the whistleblower / Iceberg research was pretty solid. If Yancoal stake can be so wrongly valued what of the other assets on its balance sheet? Though their angst/critic against our local regulators is very vocal, it also shows they are interested in improving things on the SGX. Do you think our regulators should have any fault in Noble's case?
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com
http://thebluefund.blogspot.com