net debt increased
revenue up, basically same as COGS
Its always repaying the overdraft
wrote Telfer up in value and Lihir
A lot of costs capitalised, lifting Net assets on paper which then reduces gearing
Cashflow increased with monster drop in sustaining capital
Nice little reduction in Admin expenses
Interesting as they now have the cash available to build out Telfer so higher balances going forward expected
Bound to be some real debate on the retranslation and revaluation of assets,,,look at the value of Lihir and its profit, seems insaneimo, bit of smoke and mirrors to me
