re: Ann: June Quarter 2009 Activities and Cas... HT,
You are correct about PH power, I have rust on my PH research, my error.
As for PNA cash. I think they had heaps of financing type fees last Q, plus catching up on Prior Period Pricing. It has all got a bit murky.
I am therefore going to use the HY report to straighten the BS issues out, rule a line in the sand, and look forward. The HY might break down the costs suitably to project them forward. Most I expect to be relatively fixed.
The big variable is production as it drives the revenue, the C1, hence the margin, profit, cashflow etc. Their expenses must mostly be pretty constant though.
Anyway if you haven't switched from OZL to PNA then now is probably not the time. Which will perform better from here out is a tough call imho.
EL
re: Ann: June Quarter 2009 Activities and Cas... HT,You are...
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