they said later in the conference call they held liquid assets worth approx. 27.5M (which presumably is just a40 and LPD)
So the cash and liquid assets of circa 203.8 end of june
knowing what they held at june 30 being 27.5M (that was the line on conference call),
at todays prices using the hammered aud , say 67 cents to usd,
if they valued at market if today was end of qtr, that's worth approx. 9.16M USD now, long way from 27,5M USD already, as of today there is huge drain on the balance "cash and liquid assets" balance there.
Obviously that's just a snapshot todayt, end of QTR is a while away, who knows what the end of qtr prices will be, they may transfer even more actual cash during this qtr from cash to liquid assets to buy more LPD and a40 which will change the figures again.
End of the day, FX isn't currently fixing this current situation , and if it remains at QTr end, the cash coming in net for spod sales will just be filling the hole
GXY Price at posting:
$1.15 Sentiment: Sell Disclosure: Not Held
