Iceberg: Noble needs to make further write-off

Singapore

CLAIMING that it has been acting as a whistleblower and not as a short-seller, little-known Iceberg Research on Thursday launched a further attack on Noble Group, saying the commodity trader should write off another US$315 million from the carrying value of its coal 'associate' Yancoal Australia.

"We will give more information on our identity after the third report," said Iceberg, which had earlier made allegations on Noble's accounting irregularities.

Iceberg claimed that it was retaining its anonymity as it wanted the public to focus on the strength of its arguments. It also said that it would, among other things, address Noble's debt-related issues in the third report.

Singapore-listed Noble had on Thursday - before the latest comments by Iceberg - said that Iceberg was not a recognised or licensed research house and that the blogger behind Iceberg remain…