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Ann: March 2018 Quarterly Report clarification, page-30

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Facthunter

11,878 Posts.

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23/04/18

14:19

Post #: 32630365
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Originally posted by Alterego1168 ↑

I guess you don't know too much about reading the P&L statements then.
Cash is nice, but wear and tear of equipments needs to be taken into account given they were used to produce profits. If those cash profits can't replace their equipment in the future; then the business will not last long. Those ores aren't going to dig themselves out of the ground.

As for your "early shipment" - P&L stated specifically that they started their P&L statement on 1st may. Why not ask GXY why they left out 50% of shipment in their P&L accounts?? I'm basing it on what's reported.

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Wear and tear on mining equipment is not on the GXY account,I believe the mining is contracted out.

GXY Price at posting: $2.84 Sentiment: None Disclosure: Held
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