ELE 0.00% 0.5¢ elmore ltd

Ann: Quarterly Cashflow Report, page-19

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  1. 255 Posts.
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    This cashflow report is a perfect example of how all their announcements need to be taken with a bucket of salt. They mentioned the plant was operating at nameplate capacity having everyone thinking they are producing and selling 16,666 tonnes a month for the last 3 months. In reality they must have operated at nameplate for all of 5 minutes but neglected to tell anyone this because it is damaging. As a result sales are about 3 poofteenths of what they are supposed to be. EXTREMELY disappointed in these sales figures. And for anyone who has been a holder for a year or two preaching patience - I've been here over 8 years now so don't bother.
 
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