GXY
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0.00% $5.28 galaxy resources limited

Ann: Non-Cash Impairment, page-18

  1. 8horse
    34,336 Posts.
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    07/08/19
    09:39
    Post #: 39896104
    Your comment on last quarterly report,

    Cash and liquid assets were 285.3M USD at beginning of QTR
    now described as cash only, not cash and liquid (off book holds of a40 I suspect)
    cash now 176.3M

    Difference 109M USD
    LEss a40 15.75M USD (22.5 at 70 cents)
    Less LPD 700K USD (1M at 70 cents)
    less 55.2 USD TAX

    37.35M USD
    so deduct the negative outflow from operations and there is still a big unreconciled outflow of cash...….
    Debtors?, trade gone wrong?, its a big number and they aren't making it easy to spot.
    GXY Price at posting: $1.14 Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch. 1  Great analysis
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