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?
GXY Price at posting:
79.0¢ Sentiment: Hold Disclosure: Held
