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Binwood, I think some of the consumables might represent a...

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Windham14

284 Posts.

01/02/17

01:55

Post #: 22271984
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Originally posted by binwood ↑

Risky it's still not good enough. If that $22m (or my $24m - close enough) did go to trade creditors, pre-payment of tax (given tax rate is 15.25% a whole years tax might be lucky to be $15m) and consumables they should be telling us this in the report. It shouldn't take every single shareholder calling the company to get some form of "transparent" information.

And as an aside how are consumable not part of an AISC figure. If they are consumable by nature they are part of opex and should be counted as part of AISC. If that is not the case then as Eshmun says the AISC is not reflective of the true state of play.

Why do you all continue to make excuses? I just can't get my head around it.

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Binwood,

I think some of the consumables might represent a ''timing difference'' and therefore should not be part of AISC.

Also, if they're paying for consumables in the form of Trade Payables that were previously acquired, used and not paid for then this should not be included in AISC.

The big test will be the net movement in equity on the balance sheet in a few weeks time.

Cheers
Ivan

BDR Price at posting: 30.5¢ Sentiment: Buy Disclosure: Held
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