X64 0.00% 57.0¢ ten sixty four limited

Ann: Half Year December 2019 Results, page-4

  1. 80 Posts.
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    I wouldn't pay any attention to the net profit figure. It doesn't represent the profitability of the mine. I would look at the increase in the cash at bank and the increase or decrease in borrowings to get an idea of the profitability. I don't consider the 18.5 mill spent on "investing activities"(cash flow statement) as money spent towards growing the operation. That money was spent to maintain the operation. So 6.8 million is a closer representation of its profitability.

 
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