What does everyone make of the profit guidance? My guess is that on an operating basis, Angus must have about broken even for the half, as most of the posted loss is accounted for in depreciation and amortisation.
Presumably they have expensed their exploration costs as well, which would obviously impact the bottom line.
Looking forward to a FULL six months of higher commodity prices.
Opinions anyone?
Ann: Half Yearly Guidance , page-2
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