Ann: Non-Cash Impairment, page-62

First 62 Last

Share
Profile

Follow
GCar

13,312 Posts.

8068

07/08/19

21:22

Post #: 39911080
Share

Originally posted by sydneyguy: ↑

they report in usd

closing cash at end of june was 176.3 M USD

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

Expand

Funnily enough, I just can't see how they made those "investments" for the simple purpose of trying to get a return on those dollars by way of those companies' share prices increasing.... There is more to it than that. There has to be. Why would these 2 companies be their first choice for a "general" investment...?
Something else is brewing, I'm just not sure exactly what.
Thesi and others have thrown some ideas around.
They are onto something...
Something a bit too sensitive to tell the market about just yet...
Bugger, we'll have to wait.

The rabbit hole runs deep.

GXY Price at posting: $1.15 Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

Reply