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

A40

Click for more information

0.00%

8.2¢ alita resources limited

have we got a ship?, page-225

First 225 Last

Share
Profile

Follow
NBORT

127 Posts.

19

31/07/19

11:12

Post #: 39780299
Share

Originally posted by Henry Walton: ↑

Very opaque.

Sth that bothers me a lot is the spending on mine properties it's so easy to push production costs into that category.

Even if it's all legitimate spending great, but we still don't know how much of it is being spent to fix stage 1 mistakes and how much of it is for optimization and expansion for stage 2.

To me spending $8million on optimization and expansion is a positive spend.

To me spending $8million on fixing stage 1 mistakes would not be a positive spend.

PLS has spent $173million in the past 12months for mine properties.
A40 has spent $14million in the past 12months for mine properties.
AJM has spent $85million in the past 12months for mine properties.

What exactly is all this spending on mine properties when the plants are built? who knows exactly these quaterlies are a sheet show.

Only thing clear is no one is making money, for some reason only A40 is being punished for it.

Expand

Good point. I will get back to you when I have time to dig through the FRS to find out the capitalisation criterias.
But I believe they might be advisory fees for mine planning. would be great if there's someone here who's from the mining industry to clarify.

A40 Price at posting: 8.9¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 1 more message in this thread...

First 225 Last

Add A40 (ASX) to my watchlist