The chicken little's are back! You were heavy on the P/E stuff...

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GCar

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27/08/20

19:55

Post #: 46878558
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Originally posted by sydneyguy: ↑

the average selling price reported of 398 is FOB plus revenue from shipping

i. Realised Selling price per tonne of Concentrate Sold is the FOB Esperance price including revenue from shipping activities.

cash cost per ton sold is close in the half to realised selling price simple becasuse it sold more than it produced

. Cost of sales per tonne sold is calculated by taking total cost of sales (disclosed in note 3) divided by tonnes of Concentrate Sold

whilst it promising on headline to report 412 for june qtr, its a half yearly report not a qtrly report and they shouldn't leave people to the use 412 average against an fob including shipping half yearly price because the spot price fell during the QTr

can spin it sure, but cash FOB reported which exclused shipping was way higher than the averaged realized FOB price including shipping during the half. Cash cost actually lowered by inventory write downs the previous QTR

either way, significant drop in cash, equivalents and financial assets during the qtr, loss of cash from operations, capex and very poor investment in a capital note.

reported loss, more write downs of inventory coming through as the cash spent in previous QTRs to make the product still not enough to get cost back - previous writedowns lower the cash holding costs/ ton and distort the cash perton sold

more writedowns in property plant etc delivered, loss on investments of cash, loss from operations.

Another shockingly bad result, cash for development of SDV going down fast, so the share will probably go up.

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The chicken little's are back!
You were heavy on the P/E stuff here a while back, iirc.

Tell us then how UBER can have a market cap of $55 BILLION, losing billions year in year out... TTM P/E of Tesla is over 1000 btw. Yes, 1000 !!!

It's NOT about what's happening today, it's about what the future holds. We aren't going bust anytime soon, plus we all know that current product prices are not sustainable, as they will not allow new producers to get online to supply the increasing demand curve.

GXY's plan for the year for Mt Cat was to preserve cash by co-processing stockpiled contaminated ore, with the intention of getting through 2020 without Mt Cat draining any of the company's cash. Tough times, tough measures. It appears on track to achieve this (neutral/positive CASHflow from Mt Cat for 2020) afaict. GOOD.

How are the other producers doing, btw?

Last edited by GCar: 27/08/20

GXY Price at posting: $1.24 Sentiment: Buy Disclosure: Held
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0 Great analysis

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