In the six months to 31 December 2008 Perseus Mining spent $16.4 million on exploration and if you assume that they will spend a further $9 million on exploration by 30 June 2009 (for the feasibility study) you get an underlying loss of $25.4 million for the whole financial year to 30 June 2009.
I have updated my assumptions from my last posting to reduce exploration spending to a portion being 75 percent of the current cash on hand to F/Y 08/09 allocated for the feasibility study.
However Perseus Mining capitalises most of the exploration expenses on the balance sheet only a small amount is actually written off. So the actual reported loss will be far less than the underlying loss above.
In the F/Y 07/08 Perseus Mining lost $4.8 million
and Capitalised exploration spending $28.2 million
So the underlying loss was $33.0 million
Are the above calculations more in line with the consensus here on Hot Copper ?
Always obtain Independent Professional Financial Advice before buying or selling shares or options.
- Forums
- ASX - By Stock
- PRU
- another big underlying loss expected in 08/09
another big underlying loss expected in 08/09
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PRU (ASX) to my watchlist
|
|||||
Last
$2.32 |
Change
-0.030(1.28%) |
Mkt cap ! $3.187B |
Open | High | Low | Value | Volume |
$2.29 | $2.32 | $2.25 | $11.09M | 4.818M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 265953 | $2.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.32 | 392235 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7851 | 2.310 |
1 | 7851 | 2.300 |
5 | 85930 | 2.290 |
6 | 51159 | 2.280 |
4 | 28251 | 2.270 |
Price($) | Vol. | No. |
---|---|---|
2.320 | 246586 | 9 |
2.330 | 196926 | 5 |
2.340 | 155039 | 5 |
2.350 | 97583 | 5 |
2.360 | 96458 | 3 |
Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
Featured News
PRU (ASX) Chart |