Ann: Half Yearly Report and Accounts, page-24

First 24 Last

Share
Profile

Follow
justdoit7

740 Posts.

47

22/03/19

21:14

Post #: 37858460
Share

Originally posted by diligent: ↑

I think you need to analyse financial reports more closely as management has definitely not spent $17million on salaries and bonuses. If you deduct the $6.2 mill for losses from
'joint ventures accounted for using the equity method', the actual loss for the period is aprox $2mill.

Of the approx. $6.2 mill decrease in cash, $5.8mill represents the amount spent to raise the level of ownership in he Maricunga jojnt venture. When considerations is given to the approx. $2.7 mill spent on the joint venture in the previous FY, the total cost thereof is approx. $8.5 mill. Wether this very significant outlay is justified only time will tell. But if you believe in the financial viability of this project, so be it.

It needs to be noted that this expenditure represents, by far, for the decline in cash of approx.$7.5 mill over the two financial periods. And no I am not an apologist for management, I am just outlining facts, which I hope will be helpful.

As a result of additional outlays LPI now has 51% of the joint venture.

Expand

You are right... my statement is forward looking, i expect lpi will need more funds to cover d-to-d expenses by end of Q1CY 2020. if funding comes through $17mil and how it is used over the next 12 months might turn out to be the least of our problems hope you get my drift... same goes other way around

LPI Price at posting: 20.5¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

HotCopper Highlights: Your most watched stocks for Week 47, 2024

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

There are more pages in this discussion • 39 more messages in this thread...

First 24 Last

Add LPI (ASX) to my watchlist

Ann: Half Yearly Report and Accounts, page-24

Top Stories

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Sales growth pushes Lovisa's fortunes (and shares) upwards

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Scientific conference spotlights PYC's work on blindness disease treatment

HotCopper Highlights: Your most watched stocks for Week 47, 2024

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M