AGY argosy minerals limited

Ann: Annual Report to shareholders, page-18

  1. 654 Posts.
    lightbulb Created with Sketch. 176
    wow, wow, wow

    If I am reading note 15 correctly, Puna has $3.9m worth of current assets.
    Do you think that balance belongs to inventories? That could justify the $3.2m profit with slim revenue (via a variation in inventories)

    Are they sitting on a $3.9m pile of LCE valued at cost?
    Can't be possible. They would have sold it already. The balance could just be cash in banks waiting to pay PPE.

    What do you think?


 
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Last
3.3¢
Change
-0.002(5.71%)
Mkt cap ! $50.68M
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3.4¢ 3.4¢ 3.2¢ $254.9K 7.786M

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