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.
GXY Price at posting:
$1.76 Sentiment: None Disclosure: Not Held