GXY 0.00% $5.28 galaxy resources limited

Banter and General Comments, page-14623

  1. 200 Posts.
    lightbulb Created with Sketch. 19
    Happy for others to run their rulers over these approx figures:

    As per GXY financial statement 31/12/2019
    Depreciation of the 2204000000 ARS to US$ from 07/08/2019 to 31/12/2019 was stated as US$13188000 ( In accounts value of US$50000000 reduced to US$36112000 )
    Todays value probably sits at approx US$34335000 so estimated FX loss for current quarter (01/01/2020 to 28/03/2010) on principal value is approx US$1777000 - this amount will be reduced by offset from interest earned

    FX rate though has positively impacted the company cash balance when expressed in Australian Dollars
    Approximating at US$100000000 cash on hand as at 31/12/2019 - converted to A$ = approx A$143000000
    As at 28/03/2020 US$100000000 cash on hand as at 31/12/2019 - converted to A$ = approx A$162000000

    So if we take the effects of both on 'cash backing per share ' expessed in A$
    Then we have a gain of A$19000000 less a depreciation of roughly A$3000000 which has a positive total effect of roughly A$16000000
    That is a net gain of approx A3.9c per share

    Are there any 'bean counters' on the forum who have spread sheeted the monthly interest payments at the prevailing exchange rate?


    https://hotcopper.com.au/data/attachments/2066/2066051-e4ae25f4c193a09a6297e7128ef4c484.jpg

 
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