Quite amusing, sure the expected 12 month profit after cost seems okay, but the company is still running at a loss.
Sales and corporate expenses to 30 June 2021 US14,934,000.00
And employee benefits expenses to 30 June 2021 US3,558,000.00
Those expenses are a lot more than the after operating costs profit of A13.5 million to June 2021.
This company is bleeding a slow death, and all the fluffy presentations in the world are not going to change the financial numbers in overall costs to run a company, such as pay for continued upgrades and repairs, pay for office costs, staff costs, director fees, and everything else not included in operation costs when the company talks up there after diamond mining operating costs profit.
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