SHE 0.00% 1.0¢ stonehorse energy limited

Ann: Quarterly Activity and Cashflow Report, page-11

  1. 33 Posts.
    lightbulb Created with Sketch. 48
    first page of the report was in US dollars
    during the reporting period, generating US$ 1.1m in operating revenue for the Company for the quarter.The balance of wells in the US portfolio continued to perform during the financial year. These wells generated US$249,000 in operating revenue for the company for the quarter.
    first page of the actual financial report was in Australian dollars
    Current quarter $A’000
    1.Cash flows from operating activities1,0511,051 Australian dollars
    first page of the report
    increasing cash and cash equivalents at hand to ~A$10 million
    actual financial report was
    Cash and cash equivalents at end of period9,134,000 $A’000
    these accounts just do not add up
    Operating ResultsThe Company realised revenue of $1.051m (to who, the new King for royalties)and a net gain from continuing operations of $467k for the 3 months to 30 June 2022.$308k of the total $471k of admin and corporate costs are one-off costs and will not be

    apparently the ASX let's company take a million dollars without telling anybody where it went
    revenue should have been around about 2 million Australian, with 1 million dollars spent somewhere
    but apparently they don't have to tell us anymore and this is why most people don't trust companies on the stock market

    maybe they bought lunch with it
    maybe they went on a luxury holiday together or maybe they just buying Christmas presents for each other

    but one thing that can be explained is the price going down
    and the only people that pay the price for that are the shareholders
    we have all known for a long time that the ASX is a Toothless tiger that has no moral compass when it comes to these tissues
    and that's why companies feel they can just get away with it anytime they feel like it
    because they know the Big Brother only cares about taking money from them, not doing the job they were meant to do
 
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