Australia's largest stock trading and investment forum Australia's #1 stock forum

PAN

Click for more information

0.00%

3.5¢ panoramic resources limited

By overseas I presume you mean the USA? I have worked globally...

First 927 Last

Share
Profile

Follow
DrowningNotWaving

608 Posts.

172

23/05/23

00:33

Post #: 67906273
Share

Originally posted by zebster: ↑

To answer your question: The use of "mm" (or "MM") is one way to abbreviate 'million' and you're likely to see it much more widely used overseas. It's a finance thing that historically draws from latin, where 'M' (or 'm') signifies a thousand and 'MM' (or 'mm') signifies millions (i.e. a thousand thousand). Old school. It differs from another, arguably more contemporary (here in Oz, at least), system which uses a single 'M' (or 'm') to represent million and 'K' (or 'k') to represent thousand, which you are most likely very used to reading. In the vast majority of Australian financial reporting that I read the latter abbreviation system is much more commonly used, but they're both correct. It's just a style thing.

Expand

By overseas I presume you mean the USA?

I have worked globally for nearly 40 years and the USA is the only country that I have worked in the uses "m" for thousands and "mm" for millions.

More than happy to be proven wrong.

my 2 cents, ymmv (not millions here but "mileage may" ;-) ) dyor etc etc

PAN Price at posting: 11.0¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

3DP

Pointerra wins US$1.63M from US Dept of Energy to model climate change scenarios

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

Microcap Wrap: 5 explorers with news out today

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

RCE

Recce's R327 found effective against E.coli during clinical trial

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

There are more pages in this discussion • 290 more messages in this thread...

First 927 Last

Add PAN (ASX) to my watchlist

SPONSORED BY