TER 10.0% 18.0¢ terracom limited

Ann: December 2019 Quarterly Report, page-11

  1. MJP
    260 Posts.
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    Have to agree BB. Don't say this with any glee as I might end up as a TER investor by default, but they seem to have dropped the ball with their financial reporting skills. Have to wait for the 6 months report now to see what is going on.

    Would have preferred net working capital to gross as I still don't get a feel for their ability to meet their current liabilities and they seem to quite good at positive creative accounting while leaving liabilities behind.

    Also if they are in a good position why mine record coal while the price is very low when they could make so much more if it goes up even only $5/ton. Makes one wonder at how bad the 6 months report really will be. But maybe a typo only, as you say.
 
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