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$5.28 galaxy resources limited

Ann: March 2018 Quarterly Report clarification, page-31

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23/04/18

14:19

Post #: 32630371
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Originally posted by Alterego1168 ↑

I guess you don't know too much about reading the P&L statements then.
Cash is nice, but wear and tear of equipments needs to be taken into account given they were used to produce profits. If those cash profits can't replace their equipment in the future; then the business will not last long. Those ores aren't going to dig themselves out of the ground.

As for your "early shipment" - P&L stated specifically that they started their P&L statement on 1st may. Why not ask GXY why they left out 50% of shipment in their P&L accounts?? I'm basing it on what's reported.

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You are comparing last year to this year, but leaving out KEY CHANGES to Galaxy's circumstances. Therefore you are just spinning crap.

With $80mil in the bank, I'm not sure replacing equipment with "wear and tear" is going to be a big issue...

Your really clutching at straws on this one Alterego... even for you.

GXY Price at posting: $2.84 Sentiment: Buy Disclosure: Held
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