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Sure, lets look at the whole picture over the last four...

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Rob826

3,896 Posts.

1531

09/10/19

21:04

Post #: 40802890
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Originally posted by 7seven7: ↑

If you want to look at it like that, A40's mine was also making a profit for most of the year (purely on a $/t cost compared to $/t sold... which is how you've presented the argument for GXY)... problem was for A40 not enough was being sold. A40 was also paying a lot of 1 off costs as you call them (plant upgrades, drilling, merger fees, etc.)

...need to look at the whole picture. Do they have more or less cash in the bank at the end of each of the last 4 quarters? All that matters.

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Sure, lets look at the whole picture over the last four quarters. Your own words - it’s all that matters.

2018 GXY Half year cash balance - US $45.1 million
2019 GXY Half year cash balance - US $176.3 million

A40 Price at posting: 8.2¢ Sentiment: None Disclosure: Not Held
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