Ann: March Quarterly Report and Appendix 5B, page-5

Its ridiculous the WMT / DMT & some metrics reported in AUD vs others in USD.

What can be derived from the 5b is that they finally made some money... Wouldnt pay out a profit share if there wasnt any....

Now to get a spreadsheet together to try and determine if this is real and at what price it is sustainable.



So if its 70% retained based on the above basic calc would mean $907k profit for the qtr.
@Hotduck my basic calcs would suggest the dry to wet ratio is 97.62% dry to one wet so 2.38% variance (again using profit share amount as base) but I need to go over all the older reports to validate.

@wilef I couldnt agree more. In the spin off announcement Gary said it would allow "focus" on the IO asset... Clearly recent actions do not reflect this...

@3179 its a lot better than the last 2 on face value.

GLAH