PPP pan pacific petroleum nl
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confusing, page-5

  1. cugel
    159 Posts.
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    31/07/08
    21:41
    Post #: 4060040
    Hi Dargie thanks for the info, however I'm unsure where 119m cash comes from PPP's statement which shows 91.5 cash incl the 10.4 letter of credit mentioned in the note + 18.3 receivables, so I would have thought 109.8. But I'm not an accountant so is there something else that should be included, have I misread the point about the letter of credit?
    PPP Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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