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1.84%

$3.87 tribune resources limited

Ann: Half Yearly Report and Accounts, page-4

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Cyberguy

1,486 Posts.

37

14/03/22

15:35

Post #: 60181076
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Originally posted by worzel1 ↑

Gold inventorry didn't go up. The cost of the most recent ozs added to inventory had a far higher cost to produce. Recent ozs are likely being produced at a loss.

Assuming an average sale price of $2450 for the half, TBR sold about 22.5kozs after removing the RND Rev of $20M. The accoutns show 15.8kozs were added from production so there was a net reduction of 6.7kozs held.

If you back out the profit from RND, TBR made a LOSS for the half - and based on the EVN forecast for the JV going forward this is unlikely to change in the short term.

Therefore RND only made a profit - and the consolidated group only made a profit - because RND sold older ozs produced when margins were much higher.

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So why are they making a loss, just not producing enough or some other reason?

TBR Price at posting: $4.65 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $3.87		Change 0.070(1.84%)		Mkt cap ! $199.3M

Open	High	Low	Value	Volume
$3.87	$3.87	$3.87	$4	1

Buyers (Bids)

No.	Vol.	Price($)
1	2600	$3.80

Sellers (Offers)

Price($)	Vol.	No.
$3.87	858	1

View Market Depth

No.	Vol.	Price($)
1	2600	3.800
1	3000	3.790
2	476	3.780
1	10000	3.770
3	8144	3.500

Price($)	Vol.	No.
3.870	858	1
3.900	469	2
3.910	7	1
3.930	1552	1
3.940	869	1

Last trade - 13.47pm 29/07/2024 (20 minute delay)

TBR (ASX) Chart