Ann: Appendix 4D, page-4

couple of things...
1. i hate those reporting standards (much prefer Aussie)
2. Revenue down due to covid 36% - seems alot but no real surprise
3. Net loss after tax - good. due to significant reduction in operating costs (lines up with last weeks announcement)

4. couldnt work out why the drop in NTA:

had to go to the full report to find out:


5. they have 250m (rand) in cash

6. the DCF loan is at 570m (rand). Thats a key US stakeholder. Now compare to the Top 20 - lots of Chinese based owners.
US is financing a chinese owned company. There must be some serious helium for a geo-political ownership stoush to happen

7. No drilling update but these are points of interest:




Also i dont like mistakes in these reports. small as they may be it looks sloppy.
a) should this read 2020 (instead of 2019)???