non cash because the cash was spent in a prior period building the stock....
tell you what is real cash this QTR,,,,,,17M plus in equity trade value destruction in "liquid assets" on its strategic investments in a40 and LPD...….
Capitalized costs, they have to recognise at lower of costs or net realisable value - there's a future forecast.
test of $1 coming - Mt C cant spit enough cash off to counter this these sorts of things at present.
Other companies will also have to write down their inventory imo
bad luck guys
GXY Price at posting:
$1.14 Sentiment: Sell Disclosure: Not Held
