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clock Created with Sketch. 20/03/17
09:01
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Originally posted by ContraryJ
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Selling inventory was not misinformation. I try not to say the same things over and over like you with 65 Million in Sales. Annual report inventory $56.643M H1 report $43.543M A decrease of $13 M or 25%. Plus half one production + 7.58K tons. Sold 6.431KT. so inventory decreased by 13 Million while just over a Kton of product was added. If this did not raise over 13m Million in cash could you please explain what it did. Even if the K ton was all CE add another $2 M. I do not understand, you seem to lose all idea of what these reports mean. It is even more interesting if in annual report you read note 16 and H1 note 12 and see how makeup of inventory changed. I am sure you have already done this with your great understanding of issues
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CJ if You buy a car (inventory), You don't have to sell it to find out a year later that Your inventory decreased in value. Each manufacturing industrial plant is subject to wear and tear and this results in a loss of value - nothing to do with selling of inventory.
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