GXY 0.00% $5.28 galaxy resources limited

Because of you, I actually opened the announcement... haha So...

  1. 167 Posts.
    Because of you, I actually opened the announcement... haha



    So that's all cool in regards to the cash flow statement... but I think that the original argument was in regards to the P&L, which is more meaningful in analysing a company's performance.

    Nonetheless, maybe I am a useless accountant here because I don't understand what Galaxy is trying to tell us in the cashflow statement...

    "Sales proceeds from pre-production are net of prepayment of A$18.5m received in 2016"
    Final result: $12.8m
    - Doesn't that mean there was a cash outflow of 5.7?

    Please explain @yanlin, the greatest accountant in the world.
 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.