Net loss not due to operations but a $35M accounting write down of Area1assets.
if things change this can be added back in at a later date - e.g. resumption of tax agreement between govSL. This would give a bigger net profit next year which govSL would benefit from in tax (don't take my word though as I'm no accountant!)
Cash down but inventories up to compensate.
worst case net assets (mostly liquid) of $76M USD ($116 AUD) if you discount the $39M USD exploration assets to being worth nothing.
current market cap is $28M AUD
with a reduction of labour costs to slow production imminent SRX looks stable in this low demand environment. Sounds like they will have to invest in a new power generator or do a deal with an energy provider if they get a solution to their tax dispute with govSL though.
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Price($) | Vol. | No. |
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0.155 | 8950 | 3 |
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