The loss was only due to impairment and depreciation, which was announced already. This also included the cost in producing ore in the H1 but shipped in H2.
Cost in h1 and sale in H2 and still $2.8m us profit.
Cash is still $176m US .
Total equity $376m US= $557m aud.
Sp closing today $487m aud. Below MtC equity value.
The revenue is not even included.
JB and SDV is still valued at zero by the market.
If not for write down/depreciation of assets and sales was h1 instead of h2 there's no loss.
GXY Price at posting:
$1.18 Sentiment: None Disclosure: Held