I do agree that it will be interesting to see the cash flow report which I assume will be available with the half-year result/statement. There is some income not clearly being accounted for if you look at the following:
Outgoings not clearly accounted for : $9.7M =======
We know the company pays interest on loans (probably at least 1M per quarter) which will reduce over time. Also, I assume the value of cash/bullion will have been hit by the drop in gold price from 31 March to 30 June (a $400 drop per ounce). But the rest of it I am not really sure about.
I am no accountant, so if I have missed something obvious, I am very interested to hear and learn :-)
MOY Price at posting:
35.2¢ Sentiment: Buy Disclosure: Held
