GXY 0.00% $5.28 galaxy resources limited

Ann: Quarterly Activities Report - June 2019, page-249

  1. 644 Posts.
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    Whoppee dee doo...

    So they changed their reporting metric yet again in 2018 from 2017. There's no consistency in their reporting so you can't do a fair comparison.

    Let's look at the 2017 annual report shall we?
    20190717_233319.jpg View attachment 1651017

    So the realised selling price in 2017 is CIF. BUT in 2018 the realised selling price then gets reported as FOB. What a load of BS. Why change the metric now?
    What are you trying to hide?

    Now you can't compare apples with apples between annual reports for the year as the frames of reference aren't constant.

    No wonder this is a highly shorted stock.
 
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