Happy for others to run their rulers over these approx figures:
As per GXY financial statement 31/12/2019
Depreciation of the 2204000000 ARS to US$ from 07/08/2019 to 31/12/2019 was stated as US$13188000 ( In accounts value of US$50000000 reduced to US$36112000 )
Todays value probably sits at approx US$34335000 so estimated FX loss for current quarter (01/01/2020 to 28/03/2010) on principal value is approx US$1777000 - this amount will be reduced by offset from interest earned
FX rate though has positively impacted the company cash balance when expressed in Australian Dollars
Approximating at US$100000000 cash on hand as at 31/12/2019 - converted to A$ = approx A$143000000
As at 28/03/2020 US$100000000 cash on hand as at 31/12/2019 - converted to A$ = approx A$162000000
So if we take the effects of both on 'cash backing per share ' expessed in A$
Then we have a gain of A$19000000 less a depreciation of roughly A$3000000 which has a positive total effect of roughly A$16000000
That is a net gain of approx A3.9c per share
Are there any 'bean counters' on the forum who have spread sheeted the monthly interest payments at the prevailing exchange rate?
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