Thought the exact same. Probably got a massive 3 year debt...

First 4 Last

Share
Profile

Follow
LD99

7,704 Posts.

1467

22/01/25

08:17

Post #: 77505171
Share

Originally posted by Happ: ↑

"H2 CY2024 results were adversely impacted by one-off factors,
including a plant maintenance shutdown in July, an in arrears interest
charge from Aurizon of ~$0.77m, and a trial shipment to India."

How does a trial shipment negatively affect results?? Was it free??
Why was there no announcement about plant shutdown??
Why was there no announcement of 770k charge, which is material??

"The accounting value of inventory, measured at cost, declined due to
the unwinding of high-cost inventory through sales. While
stockpiles (by tonnes) increased during H2 CY2024, the carrying
value of stockpiles on an accounting basis reduced (from ~$13.09m
to ~$12.17m). This is reflective of the impact of scaled production
and reducing operating costs on a per tonne basis."

Word salad that does not make any logical sense.

"At the end of H2 CY2024, current assets increased from ~$16.8m to
~$18.4m, and current liabilities reduced from ~$27.5m to ~$17.0m.
This reflects an improvement in the Company’s current ratio from
0.61 to 1.08, which has been supported by the Strategic
Agreements."

Because they shifted stuff into non-current payables lol

"Deep Sector ExperienceManagement team with extensive management and operational capability within the phosphate sector, particularly in project execution and product marketing."

LMAO at this one

Expand

Thought the exact same. Probably got a massive 3 year debt facility used to payout a few shorter term loans to reflect positively. In turn, incurring significantly more interest on the larger loan just to keep their heads above water for a few more weeks.

CXM Price at posting: 1.7¢ Sentiment: None Disclosure: Not Held
5 Upvote

0 Great analysis

Reply

Top Stories

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

ASX Market Close: Index treads water as Energy stocks surge | Monday June 16, 2025

RC1

Redcastle teams up with Terra Mining to get revenue flowing at Redcastle Reef, Queen Alexandra projects

NUZ

This stock is crafting a cure for Huntington's – and it's making progress

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

First 4 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 1.7¢		Change 0.000(0.00%)		Mkt cap ! $14.74M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Thought the exact same. Probably got a massive 3 year debt...

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

ASX Market Close: Index treads water as Energy stocks surge | Monday June 16, 2025

Redcastle teams up with Terra Mining to get revenue flowing at Redcastle Reef, Queen Alexandra projects

This stock is crafting a cure for Huntington's – and it's making progress

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Featured News

Featured News

Thought the exact same. Probably got a massive 3 year debt...

Top Stories

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

ASX Market Close: Index treads water as Energy stocks surge | Monday June 16, 2025

Redcastle teams up with Terra Mining to get revenue flowing at Redcastle Reef, Queen Alexandra projects

This stock is crafting a cure for Huntington's – and it's making progress

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Featured News

Featured News