(Obviously you completely discounted my post)
You are trying to work out an annualised surplus from the cash flow (basically) provided by the administrators for the period 19/8 to 25/10.
To do this you need to adjust off all one off items which is the funding, the Highlake Resources sale and the GST refund. That leaves a very small surplus which would in normal parlance be considered break even.
That is based purely on that period which also obviously has no commentary on how they were actually operating or any particular details on one off expenses etc.
Now a new operator may feel they can produce a surplus however based on those figures suggesting a surplus in excess of $4m is just fairy land................
- Forums
- ASX - By Stock
- AUL
- Ann: Morning Star Geological Update
Ann: Morning Star Geological Update, page-41
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)