FMG 1.96% $17.97 fortescue ltd

Ann: Quarterly Production Report, page-16

  1. 282 Posts.
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    Hey is there $2 billion in cash missing or is it me?

    starting cash 1 900

    sales 85 × 42 = 3,587

    debt repayment -200

    c1 cost 12.95 × 42 = -546.49

    Less capex -422

    tax and dividend not included in year end cash +1,100

    estimated cash at bank 5,500

    reported cash at bank 3400

    missing from the above $2.1 billion

    where has it gone.

    even including c2 cost from last year the estimated cash is $5 billion

    does anyone think it's possible that they've made a billion dollar payment to the guinea government?

 
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