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clock Created with Sketch. 21/02/18
17:50
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Originally posted by hightrax
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(Quick) back of the envelope accounting analysis.44% of copper produced was not sold , or was not yet paid for? This resulted in a substantial mismatch between revenue and costs. This is a pretty rare occurrence in miners. Id like to know more. Floods blocking roads seem to recall? Presumably the revenue for this copper will come in in the current quarter? This will boost cash sharply. Were they holding back for higher prices in a rising market? Not a bad punt if you can. The improvement in copper prices lately has been marked. 3000t @A$10k ton= +$30 million. That should keep the wolf from the door. But please, please do'nt this be a bad debt from the Indian processor.
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On the positive side this is producing a SP I am more happy to pay. I'm a tight bastard these days.
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