Where in the report as at end of June does it show the processed value for parcels 16,17 & 18 and what are they worth in $$? Does not seem to be included in Accounts Receivable or anywhere obvious (are they recorded in ore stockpiles - note 6) ? If they have been omitted because they are only preliminary invoices, does this not just fudge the overall actual financial position and possibly understate by the value of those deliveries? It just looks as though the net assets are understated by the total due for those 3 deliveries as the expenses of extraction are probably included in mining costs? Is this done for tax minimisation or are other reasons? It just seems to me that net assets at date are $21m plus the 3 deliveries. Thank you for any other opinions.
HAW Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
