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Ann: Morning Star Geological Update, page-42

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vertigo

11,416 Posts.

350

01/11/19

13:19

Post #: 41199647
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Originally posted by pe981: ↑

(Obviously you completely discounted my post)
You are trying to work out an annualised surplus from the cash flow (basically) provided by the administrators for the period 19/8 to 25/10.
To do this you need to adjust off all one off items which is the funding, the Highlake Resources sale and the GST refund. That leaves a very small surplus which would in normal parlance be considered break even.
That is based purely on that period which also obviously has no commentary on how they were actually operating or any particular details on one off expenses etc.
Now a new operator may feel they can produce a surplus however based on those figures suggesting a surplus in excess of $4m is just fairy land................

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I didnt discount your post at all, I missed the $3m transfer, but we dont know over what period they were actually producing.

Last edited by vertigo: 01/11/19

AUL Price at posting: 0.3¢ Sentiment: Buy Disclosure: Held
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