How much will our profit be in FY24 when the impairments from 2015 are written back? Taking into consideration inflation of the cost to construct such plants since the impairment 9 years ago?
How much would it cost to build a 6-7 Mtpa plant at present? The majority of the refurbishment costs of the plants should have been capitalised and will not affect our FY24 P&L
With the combined plant 1 & 2 now processing in excess of 6 Mtpa, writing back these impairments it is going to be a significant factor in our FY24 profit.
Will our profit be in excess of $100m? or $200m? in FY24 It all depends on what is calculated to be the book value of our operating plant/s less the cash outflow from operations etc up to 30th June.
in FY25 we should see a profit of about $300m but it seems to me, most posters have overlooked the fact we will already be making a significant profit in FY24 which banks will look upon favourably when approving working capital funds. The announcement of a 3 month extension to the existing facility is prudent considering the strength of our books when adjustments are made and reported in the annual report at the end of October. Yes that is 4 months time which means we have another hurdle for management to negotiate.
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