Ann: March 2024 Quarterly Webcast Presentation, page-5

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Joelstar

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24/04/24

13:30

Post #: 73497538
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Originally posted by Patron: ↑

Surely all that really matters is that trade payables are on normal terms, as they have consistently said for the last several quarters, and there's no reason not to believe them.

The thing about trade payables is they will normally fluctuate, e.g. this quarter waste stripping accelerated so trade payables will naturally be significantly higher. Now if they showed a higher trade payables number it could be misleading because everyone would jump up and down and worry things are getting out of hand. But things are not getting out of hand, even with the accelerated waste stripping we're still repaying debt as scheduled and banking cash.

I sold down 1/3 of my stake yesterday taking profits, my average price is 15c after all. I wish I'd held on a bit longer! I always pick the wrong time to sell, at least now that I've sold a little bit you all can be sure the share price will rally to new highs! lol.

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Both trade payables and receivables fluctuate.
Show me another Australia domiciled miner that lists trade receivables as a liquid asset at the end of every quarter?

Last edited by Joelstar: 24/04/24

RED Price at posting: 43.8¢ Sentiment: None Disclosure: Not Held
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