Ann: March 2018 Quarterly Report clarification, page-26

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23/04/18

13:51

Post #: 32629477
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Originally posted by Alterego1168 ↑

If taking depreciation into account; not sure if they have lost money in this quarter given their production cash cost went up from $325USD/dmt in Q4FY17 to $415USD/DMT in Q1FY18 or +$120AUD /DMT over the quarter.

In FY17, they sold 113467dmt from 1st of may (which their P&L stated), and cost of those goods were $92,078,000

This is equivalent of $811/dmt (before other expenses like salaries and admin as per their P&L statement)
Their revenue of $124,851,000 is equivalent of $1100/dmt

If we add $120AUD/DMT cost (given higher per dmt production cost); and given they barely made a profit last year as per their P&L statement; its hard to say whether they've actually made money or not for this quarter. And if they did make a profit; it won't be much given the $120/dmt extra cost per tonne.
This is after taking depreciation into account.

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"its hard to say whether they've actually made money or not for this quarter."

Err... no its really not.

Cash on hand increase after $22mil+ spent in last two quarters on furthering Galaxy's future prospects. Money taken from non-existent profits apparently...

You really shouldn't leave out the 50% for our early shipments in last years report when you calculate this stuff either...

GXY Price at posting: $2.86 Sentiment: Buy Disclosure: Held
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Ann: March 2018 Quarterly Report clarification, page-26

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