luck oriented accounting policy

  1. 177 Posts.
    Curious, the conversation has been getting a bit dry.

    My previous post entitled "LOAP and hope ..." was intended only to be a satirical comment, written to highlight in a humorous way a funny, but most unlikely, explanation as to why any public company would have three attempts at getting its 5b cash-flow statement announced correctly, as occurred recently with this company.

    "Satire ... the use of wit or humour to expose human folly ...".

    Of course, even in our lucky country, there is no ASX policy or listed company that promotes the use of "luck" in the preparation of accounting statements, and nor, I am sure, does GBM have a "luck oriented accounting policy" in place, as mischievously but inaccurately hinted at in my recent post.

    Rather, as all holders will be aware, GBM staff make very few errors (but those they do make they tend to admit), and are clearly competent, on time, and are in truth dedicated on achieving the company's current goal of producing a reasonable amount of gold this month.

    I apologise for my misguided effort at poking at bit fun at these good and capable hard-working folk.
 
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