Thanks very much for your detailed response @DBrent15. I always...

Thanks very much for your detailed response @DBrent15. I always love seeing some numbers, whether they are right, wrong or sort of right. My numbers are often wrong - case in point igher in this thread - lol.

My concern is more with what hasn't been covered, as significant assets and liabilities are excluded from the update. So with the total segment assets being $240m at end Dec, I think we might have had GG's balance sheet look like this:
Assets
PPE: $156m (41% - seems plausible)
Cash and receivables $61m (out of $151m is 40% - seems plausible)
Total Assets: $217m

Liabilities:
Borrowings: $150m
Payables: $6m (roughly 40%)
Other liabilities: $9m
TL : $167m

Net assets: $50m (DEc 17)

Updated GG Balance sheet est. as at 31/3/18, I have assumed business running costs and redundancies at $10m for the quarter is pulled out - can argue about that number.
PPE: $140m (as stated)
Cash and receivables: $42m (by reverse calc)
Total Assets: $182m (subtract Dep and Imp from prev)

Liabilities:
Borrowings: $125m
Payables and other liabilities: $10m (deducted $5m payables as est - due to closure)
TL : $135m

Net assets guess: $47m (deducted 10m running costs, added net $7m net rental surplus income)

I hope this is sort of right. However we cannot know if they have left out the GG cash, receivables, payables etc for a good reason. With a small statutory profit being predicted for the business for half 2 - I hope that we are going to get something out of GG at the end. It stretches my brain and available time to assume too much more. When the market cap is $135m, a $25m residual???, or whatever, from GG would go a long way. I think that the market is obviously waiting to be convinced.