X64 0.00% 57.0¢ ten sixty four limited

I wouldn't pay any attention to the net profit figure. It...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 80 Posts.
    lightbulb Created with Sketch. 26
    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.

 
watchlist Created with Sketch. Add X64 (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.