GRR 2.99% 32.5¢ grange resources limited.

Hi Goodheart,Unfortunately MGX pulled a swifty this quarter by...

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    Hi Goodheart,
    Unfortunately MGX pulled a swifty this quarter by changing their accounting method in reporting their Sales Revenue figure from an accrual method (as also used by GRR) to closer to what I'd call a cash method - MGX's unit rec'd prices for the quarter on an accrual basis were US$87.8/A$133.1/t - so these are the prices one should be using if comparing apples with apples.
    MGX will probably go back to an accrual basis in the June quarter as their Sales Revenue figure will be higher on an accrual basis this quarter than on a cash basis.
 
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