PRU 2.93% $2.46 perseus mining limited

another big underlying loss expected in 08/09

  1. 210 Posts.
    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.





 
watchlist Created with Sketch. Add PRU (ASX) to my watchlist
(20min delay)
Last
$2.46
Change
0.070(2.93%)
Mkt cap ! $3.379B
Open High Low Value Volume
$2.48 $2.48 $2.42 $44.51M 18.11M

Buyers (Bids)

No. Vol. Price($)
4 572374 $2.46
 

Sellers (Offers)

Price($) Vol. No.
$2.47 489185 15
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
PRU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.